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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Equity AUM reached a record high at Rs.9.58 lakh crore in November | Mutual Funds | IndiaNotes.com

The  mutual fund  industry  has  witnessed net  inflows  of  Rs.40,369   crore  in  equity  funds  including  pure  equity  funds,  balanced,  ELSS  and  equity ETFs in November . It witnessed an increase of 71% from Rs.23,574 crore in October . The total equity AUM has now reached a record high at Rs.9.58 lakh  crore in  November .  Pure equity funds had received […]

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MF assets to hit Rs 100 lakh cr in next 10 years: Mahindra AMC

Indian mutual fund industry’s assets under management (AUM) are expected to touch Rs 100 lakh crore in the next 10 years on account of strong participation from retail investors, a top Mahindra AMC official said today. At present, the mutual fund industry has an asset base of Rs 22.36 lakh crore. “People want to make money and they have understood […]

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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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