Mutual Fund Industry

Mutual fund industry on a high, asset surges Rs 17 trillion in 2024

After a stellar 2023, the mutual fund industry sustained its growth momentum in 2024 with an impressive Rs 17 lakh crore surge in assets, driven by buoyant equity markets, robust economic growth, and increasing investor participation. Experts are predicting the positive trend will extend into 2025. Kaustubh Belapurkar, Director-Manager Research at Morningstar Investment Research India, said, "The mutual fund industry's assets are expected to continue growing at a healthy pace in 2025. With rising penetration among retail investors, flows into equity funds, particularly through Systematic Investment Plans (SIPs), are likely to remain robust." The year 2024 saw a substantial net inflow of Rs 9.14 lakh crore, alongside a significant 5.6 crore increase in investor count and a growing popularity of SIPs, which alone contributed Rs 2.4 lakh crore, according to data from the Association of Mutual Fund Industry (Amfi). The inflows lifted the industry's assets under management (AUM), reachin

Bull or bear market, MF blitz to continue; CEOs link growth to India's rise

The leaders of some of the country's largest fund houses said that the momentum in MF inflows could take assets under management (AUM) past Rs 100 trillion in two to three years

Fifth time's the charm: Mutual fund largecap cutoff ready for a 17% stretch

The catch gets bigger - largecap and midcap thresholds to expand in January

Edelweiss Financial Services soars 10% on buzz of stake sale in MF unit

According to reports the company was looking to sell a minority stake in its mutual fund arm and has initiated the process by hiring an investment banker.

Debt MFs log Rs 1.57 trn inflow in Oct on investment in liquid schemes

Debt-oriented mutual funds witnessed a strong recovery in October, driven by investments in liquid schemes and attracting a net inflow of Rs 1.57 lakh crore after huge redemptions in the previous month. Notably, 14 of 16 debt mutual fund categories reported net inflows during the month, while medium-duration and credit risk funds maintained their trend of consistent outflows. The positive inflow boosted the asset base of debt mutual funds by 11 per cent to Rs 16.64 lakh crore in October-end from Rs 14.97 lakh crore at the end of September, according to data with Association of Mutual Funds on India (Amfi). As per the data, debt mutual funds attracted inflows of Rs 1.57 lakh crore in October, marking a sharp reversal from the outflows of Rs 1.14 lakh crore recorded in September. Within the debt fund, liquid funds led the inflows with Rs 83,863 crore, accounting for 53 per cent of the total, followed by overnight funds and money market funds with Rs 25,784 crore and Rs 25,303 crore,

Chasing the big fish: MFs cast their lines for record October catch

A haul of Rs 87,000 crore nearly doubles previous record, reeling in a lifeline for stability

MF investor count crosses 50 million after 10 million additions in a year

According to MF executives, the surge in new investors is underpinned by the growing appeal of equity investments

Adani Enterprises QIP: Quant MF secures nearly half of all the shares

Quant Mutual Fund has emerged as a standout performer, dominating the equity scheme performance charts in recent years, with its high-conviction bets paying off

Market regulator Sebi allows MFs to buy, sell credit default swaps

Sebi has set conditions for the flexibility to ensure risk management

Quantum Mutual Fund moves NCLAT against delisting of ICICI Securities

ICICI Securities shareholders will receive 67 ICICI Bank Ltd shares for every 100 shares they hold, as per the approved scheme

Robust equity inflows likely to keep earnings growth strong for AMCs

Among listed AMCs, in Q1FY25, Nippon AMC recorded the highest growth of 54 per cent Y-o-Y while ABSL AMC saw least growth at 19 per cent

Witnessing J-curve growth, ITI Mutual Fund eyes Rs 1 trillion AUM in 5 yrs

ITI Mutual Fund said that it is at an "inflection point of 'J' curve growth," aiming to reach an AUM of Rs 1 lakh crore within the next five years, driven by India's robust macroeconomic fundamentals. A J-curve illustrates a trend that initially dips sharply before rising dramatically. As of July 2024, the company's AUM grew nearly 90 per cent year-on-year to Rs 8,763 crore. "India remains in a golden spot on the world map, with expected growth outpacing most global economies, presenting strong opportunities for the mutual fund industry," Rajesh Bhatia, Chief Investment Officer of ITI Mutual Fund told PTI. Bhatia said, "Given India's growth story, expanding at 7-8 per cent annually, it's the fastest growing among countries of its size and the most predictable. Many international observers would bet on India as having the highest growth potential over the next 5-10 years." "In this context, we are at an inflection point of 'J' curve growth, which positions us to scale dramatically.

Overseas training or vacation? Sebi puts kibosh on MFDs' foreign 'perks'

Amfi's hammer fall: No 'incentivisation programmes' beyond Indian shores

Mirae Asset Mutual Fund lifts restrictions from large and midcap fund

The fund house cited a surge in investment opportunities as the reason behind the decision

Filling a gap

New asset class for mutual funds will help HNIs

Budget: Amfi calls for lower debt fund taxation, tweak in FoF tax rules

Proposal follows removal of indexation benefits from debt funds in the Budget 2023

Fraud detection framework: Quant MF affair triggers rush to apply new rules

Large AMCs to expedite setting up of institutional mechanism

Equity supply may hit Rs 6 trillion over next few months: Axis MF

Nearly Rs 5 trillion has been mobilised by ECM since 2022. This outpaces Rs 2.6 trillion inflows received by equity MF schemes during this period

Wealth management firm 360 ONE acquires ET Money for Rs 366 crore

ET Money has 900,000 transacting clients with more than 100,000 revenue-generating users

India's MF assets at Rs 58.6 trillion in May, up nearly Rs 10 trn in a year

While the fund industry took five decades to build the first Rs 10 trillion of assets since its inception in 1964, it has added the last Rs 9 trillion of assets in less than six months