MF Weekly: Industry AUM rose to Rs.21.41 lakh crore in Oct 2017 | Indianotes.com

Industry AUM rose to Rs.21.41 lakh crore in Oct 2017 As per data from the Association of Mutual Funds in India (AMFI), the assets under management (AUM) of mutual fund industry rose to Rs. 21.41 lakh crore in Oct 2017 compared with Rs. 20.40 lakh crore in Sep 2017. Overall inflow in mutual fund schemes stood at Rs. 51,148 crore […]

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Aum Commodity Services sells 10.52 lakh shares of Bharat Road Network

On November 10, 2017 Aum Commodity Services Private Limited sold 1,052,000 shares of Bharat Road Network at Rs 182.53 per share on the NSE. Bharat Road Network ended at Rs 176.85, up Rs 5.40, or 3.15 percent. The share touched its 52-week high Rs 205.00 and 52-week low Rs 170.45 on 17 September, 2017 and 09 November, 2017, respectively.

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Direct tax collections jump 16% to Rs 3.86 lakh crore in Apr-Sep

Moneycontrol News India’s direct tax collections for April-September rose 15.8  percent to Rs 3.86 lakh crore, buoyed by a healthy growth in advance tax mop-up, the finance ministry said. The net direct tax collections constitute 39.4  percent of the total budget estimate of direct taxes at Rs 9.8 lakh crore for the current fiscal. The provisional figures of direct tax up to September 2017 show that net […]

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MF Weekly: MFs’ AUM rises 7.6% to Rs 21 lakh crore in September quarter

Highlights:   MFs’ AUM rises 7.6% to Rs 21 lakh crore in September quarter Mutual fund industry’s asset base surged 7.6 per cent to a record high of Rs 21 lakh crore at the end of September quarter, driven by strong participation from retail investors. In comparison, assets under management (AUM) of the MF industry, comprising 42 players, were at […]

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MF Weekly: Mutual Funds add 40 lakh folios in April-July on strong retail interest

Highlights: Mutual Funds add 40 lakh folios in April-July on strong retail interest Mutual fund houses saw a surge of over 40 lakh investor accounts during the first four months of this fiscal, taking the total count to an all-time high of 5.94 crore on strong participation from retail investors. This comes following an addition of 77 lakh folios in […]

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MF Weekly: Industry AUM data comes in at Rs. 20.59 lakh crore in Aug 2017

Highlights: RBI Committee proposes single license for advisors offering different financial products The Reserve Bank of India committee, headed by Dr. Tarun Ramadorai, Professor of Financial Economics, Imperial College London, has proposed uniformity in guidelines for advisors across all financial products. The committee wants advisors to offer all the financial products such as insurance, mutual funds, National  Pension Scheme, and […]

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AUM @ Rs 20 lakh cr! Top 20 stocks under largecap Rank 1 funds where big boys are betting

Mutual funds touched a historical landmark when assets under management (AUM) rose more than Rs20 lakh crore in the month of August for the first time ever. Retail investors which left Indian equity markets to post global financial crisis in 2008, are back on D-Street and this time it looks like they are in for long haul. The amount of […]

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