With a mix of sectoral, thematic, and diversified funds, investors have the opportunity to tailor their portfolios according to their financial goals and market outlook
Folio growth powered by stellar performance and strategic distribution
Demand and supply factors have led to the preference for passive funds
ITI Mutual Fund aims to reach Rs 1 lakh crore AUM in the next five years, as an increasing number of people are choosing mutual funds through systematic investment plans. ITI MF's asset under management (AUM) increased nearly 2.4 times to Rs 8,791 crore in July 2024 from Rs 3,698 crore in March 2023. Mayukh Datta, chief business officer of the AMC, said the mutual fund industry has about 4.80 crore unique PAN investors. It currently has 9.34 crore live SIP accounts with Rs 13.09 lakh crore in the AUM. He further said that as of March 31, 2024, there were 74.67 crore PAN holders in India, and 60.5 crore PAN were Aadhaar-linked. "So, we are yet to have 10 per cent of the investible population, i.e. PAN card holders, yet to come to the mutual funds universe. There is enough of runway for new investors to enter the mutual fund industry," Datta said in an interaction with PTI. He further said India remains in a golden spot on the world map, with expected growth outpacing most global ..
Exposure to fixed income, real estate likely could decline, says Sundaram Alternates report
Family Offices in India projected for 14 per cent growth in Asset Under Management (AUM) and a 5 per cent increase in alternative investments over the next 3 years, a report said. AUM for mid to large-sized family offices in India will grow at a Compound Annual Growth Rate (CAGR) of 14 per cent over the next three years, potentially increasing by 1.5 times, a report by Sundaram Alternates titled 'From Legacy to Leadership' said. This report highlights the significant evolution of family offices as they transition from wealth preservation to a growth-focused mindset. Indian family offices are increasingly embracing alternative investments, with a projected 5 per cent increase in allocations to 18 per cent over the next three years, it said. This aligns with a global trend, where family offices allocate more than 50 per cent of their assets to alternatives, it said. The shift reflects a strategic move toward diversification, niche investment strategies, and active participation in .
Use parameters such as momentum, company size, and volatility to construct portfolios
Investment management company Capitalmind Financial Services on Monday said it has received in-principle approval from market regulator Sebi to launch a mutual fund business. As a portfolio manager, Capitalmind currently manages over Rs 2,200 crore in assets under management (AUM) for more than 1,150 clients, boasting a strong annual client retention rate of 98 per cent. Since its inception, the Bengaluru-based company has doubled its AUM every financial year, driven by robust portfolio performance and steady inflows. This growth has resulted in wealth creation exceeding Rs 1,000 crore for clients in less than seven years. "Receiving Sebi's in-principle approval for a mutual fund is both an honour and a privilege. We are grateful for this opportunity and remain committed to building long-term wealth while maintaining the highest standards of regulatory compliance," Deepak Shenoy, CEO of Capitalmind, said. "We look forward to establishing Capitalmind Asset Management Company to meet
Be mindful of risks and avoid overly aggressive fund strategies at the start of your investment journey
Fund houses have started publishing their own stress test results for smallcap schemes every fortnight since March, amid concerns of "frothy valuations"
Our weekly newsletter recommends how to begin investing in mutual funds and why South Indian food is not just idli-dosa
Index funds add 1 million folios in July, 14% of total additions
New Fund Offer (NFO) will remain open from August 22 to September 5, 2024
Merchants on the fintech platform can avail of two-wheeler loans up to Rs 2.5 lakh from OTO Capital, with a repayment period ranging between 12 and 48 months
The increase in stock price follows the RBI approval for the bank to establish a wholly owned subsidiary dedicated to asset management and mutual funds, with additional equity capital infusion.
Flexicap slips to the second spot, largecap to fourth
Market volatility is inevitable; staying focused on long-term goals is key to navigating it successfully
The investment is the aggregate of total net deployment by active equity, passive and equity-oriented hybrid schemes
July sees cash levels climb to 5.4%, up from June's 4.6%
This is Groww Mutual Fund's first live ETF, which is available for trading with most brokers and investment platforms