India’s Mutual Fund AUM to cross Rs 300 lakh cr; Direct Equity Rs 250 lakh cr by 2035: Report
The report states that household wealth reached Rs 1,300–1,400 lakh crore in FY25, growing nearly 13% over five years.
The report states that household wealth reached Rs 1,300–1,400 lakh crore in FY25, growing nearly 13% over five years.
Data released by the Association of Mutual Funds in India (AMFI) on Wednesday said the net inflows into equity mutual funds (MFs) jumped 24% to Rs 23,587 crore in June. This is a significant spike as compared to inflows of Rs 19,013 crore in May.
The Indian Chamber of Commerce (ICC) held the 17th ICC Mutual Fund Summit on Saturday, under the compelling theme Investing in India’s growth story.
Women investors in the Indian mutual fund (MF) industry, especially from the smaller cities and towns, have grown more than 2.5 times (year-on-year) on average amid the boom in the stock market, a report showed on Saturday.
Driven by buoyant equity markets, robust economic growth, and increasing investor participation, the mutual fund industry sustained the growth momentum in 2024 with an impressive Rs 17 lakh crore surge in assets.
Mutual fund industry witnessed strong inflow via new fund offers (NFOs) in June as 11 NFOs of different fund houses collected Rs 14,370 crore last month.
The development comes after a lackluster performance in 2022 with 2023 witnessing a substantial increase in overall inflow.
Indian stocks have been able to hold on to all-time highs when market breadth is healthy. Readings of over 15 per cent NSE 500 Index member stocks touching a new 52-week high is positive, said a report by DSP Mutual Fund.
The fund houses are instructed to pay out the proceeds in the event of a redemption or repurchase of units within three working days. Investors in schemes where at least 80% of the capital is invested in foreign securities must be paid within five working days of the date of redemption or repurchase.
Systematic investment plan (SIP) contribution crossed the Rs 13,000 crore mark in October, according to data released by the Association of Mutual Funds of India (AMFI).
