Indian mutual fund industry’s net AUM crosses Rs 65 lakh crore, SIPs at fresh high
Equity funds saw Rs 38,239 crore inflows in August, a 3.03 per cent growth from Rs 37,113 crore witnessed in July.
Equity funds saw Rs 38,239 crore inflows in August, a 3.03 per cent growth from Rs 37,113 crore witnessed in July.
The Securities and Exchange Board of India (SEBI) has proposed allowing Indian mutual funds to invest in overseas mutual funds or unit trusts that in turn invest a portion of their funds in Indian securities.
The mutual funds invested Rs 100 crore to Rs 865 crore in 19 midcap stocks, while 29 stocks attracted Rs 10-99 crore in March.
Data reveals a parallel increase in India’s social media users and mutual fund investors, with social media subscribers growing from over 40 crores in 2017 to 83+ crores by 2022
In August, mutual funds showed an interest in technology, metals, consumer durables, and chemicals leading to a month on month…
Equity mutual funds saw net inflows dip sequentially in July on the back of outflows from large-cap funds, but flows remained positive for the 29th consecutive month, says Deepak Jasani, Head of Retail Research, HDFC Securities.
Historical data suggests that the Systematic Investment Plan (SIP) which has delivered comparatively lower returns in the initial 5 years, has delivered a better return on 10 years basis on an average, as per a study, conducted by WhiteOak Capital Mutual Fund.
The six schemes together had an estimated Rs 25,000 crore as AUM.
The company had shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market.
Debt schemes folios count went up by 2.23 lakh to 75.25 lakh. Barring, long duration, credit risk, all categories in debt funds witnessed growth in folios.
