April 21, 2024 16:11 (IST)
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Total number of folios of Indian mutual fund industry doubled in last 5 years to touch 17.79 lakh cr

Mumbai: The total number of folios in the Indian mutual fund industry has nearly doubled in the last five years at 17.79 lakh crore in March 2024, up from 8.97 lakh crore in March 2020 on the back of increasing awareness and a growing interest among retail investors for investing in equities and bonds through the mutual fund route.

Indian mutual fund industry posts stellar performance in FY24; AUM jumps 35% to Rs 39.42 lakh cr

Mumbai: The Indian mutual fund industry has posted an impressive performance during the last financial year (2023-24), with the industry’s net Assets under Management (AUM) registering a growth of 35 percent at Rs 53.40 lakh crore as of March 31, 2024, as against Rs 39.42 lakh crore same period last year.

Equity fund inflows grow 23% to Rs 26,866 cr in February: AMFI

Mumbai: Inflows to open-ended equity funds surged by 23 percent to reach Rs 26,865.78 crore in February, marking the 36th consecutive month of positive inflows into equity funds since March 2021, according to data published by the Association of Mutual Funds in India (AMFI) on Friday.

Dynamic asset allocation: Adapting your mutual fund strategy to market changes

In any form of investment you do, staying agile and responsive to market shifts is required to get promising returns. One such strategy gaining prominence is dynamic asset allocation. This approach allows investors to adjust their mutual fund investments according to changing market conditions, aiming to optimise returns while managing risk. Read on to know the various aspects of dynamic asset allocation, its benefits, and important considerations.

Indian mutual fund industry AUM grows 33% YoY to Rs 53 lakh crore in Jan 2024

Mumbai: The net AUM of the mutual fund industry rose 33.11% YoY at Rs 52.74 lakh crore in January 2024, as against Rs 39.62 lakh crore in January 2023, according to a report.

Edelweiss Asset Management launches technology fund

Mumbai: Edelweiss Asset Management Limited (EAMC/EMF) announced the launch of the Edelweiss Technology Fund, an open-ended equity scheme investing in technology and technology–related companies.

DSP Mutual Fund appoints Chirag Joshi as Head of Distributor Success & B2B growth

Mumbai: DSP Mutual Fund announced the appointment of Chirag Joshi as Head of Distributor Success and B2B Growth.

Comparing mutual fund returns with a mutual fund calculator

Most banks and financial institutions host online mutual fund calculators on their sites to help investors calculate their mutual fund returns online. Investors can use mutual fund calculators to assess their investment strategies by checking if their expected returns match the returns calculated by the calculator.

HDFC Mutual Fund opens 24 new branches to bolster Mutual Fund penetration

Mumbai: HDFC Mutual Fund has opened 24 new branches across India as a strategic expansion initiative aimed at increasing penetration of mutual funds in India, a press release said on Thursday.

Strong macroeconomic fundamentals and resilient earnings growth to help Indian mutual fund industry sustain growth in 2024

Mumbai: The Indian mutual fund industry, which has witnessed a 125 percent surge in net inflows and around 24% percent growth in Assets under Management (AUM) since the beginning of this calendar year, is likely to sustain its growth momentum in 2024 backed by strong macroeconomic fundamentals of the Indian economy and resilient earnings growth, according to ICRA Analytics.

Axis India Manufacturing Fund's NFO collects over Rs 3,400 cr investment

Mumbai: The Axis India Manufacturing Fund's new fund offer (NFO) has garnered more than Rs 3,400 crore, marking the highest-ever collection in a thematic fund in 2023, a press release said.

Indian mutual fund industry posts stellar growth in inflows across most fund categories

Mumbai: The Indian mutual fund industry registered a stellar performance with net inflows growing by a whopping 473 percent at Rs 80,528 crore in the month of October 2023, as against Rs 14,047 crore in October 2022.

SEBI modifies offer document format of mutual fund schemes

Mumbai: In order to enhance the efficient dissemination of relevant information to investors, the Securities and Exchange Board of India (SEBI) has modified the format that asset management companies (AMCs) use for submitting offer documents of mutual fund schemes.

RBI permits SBI Mutual Fund to acquire 9.99% paid-up share capital in IndusInd Bank

Mumbai: The Reserve Bank of India (RBI), on Wednesday, granted permission to SBI Mutual Fund (SBIMF) to acquire up to 9.99% of paid-up share capital or voting rights in Induslnd Bank.

Zerodha AMC gets approval; industry veteran Vishal Jain to be the CEO

Mumbai: Zerodha founder Nithin Kamath announced that the discount broker has obtained the necessary regulatory approval to establish an asset management company (AMC).