MF Weekly: Retail investors push equity mutual fund inflow to Rs 16,000 cr in October

Equity mutual funds registered an inflow of over Rs 16,000 crore in October, buoyed by strong participation from retail investors, latest data with industry body Amfi showed. This has taken the total inflow into such funds to over Rs 96,000 crore in the first seven months of the ongoing financial year. Inflows in April-October have already been robust.

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MF Weekly: Mutual funds garner Rs 5,900 cr in November through SIP | Mutual Fund weekly | IndiaNotes.com

Mutual  funds  garner  Rs  5,900  cr  in  November  through  SIP Retail investors are preferring systematic investment plan (SIP) option for investing in mutual funds, with the industry garnering around Rs 5,900 crore  through  the  route  in  November ,  an increase  of 52 per cent  from  the  year-ago  period. With  this,  the  total  money garnered by fund houses  through  SIPs  has  […]

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ICICI Pru MF’s Bharat 22 ETF saw redemption of over Rs 1,000 cr on first day of listing

On the very first day of listing of Bharat 22 ETF which was managed by ICICI Prudential Mutual Fund, the fund house witnessed redemptions worth Rs 1,256 crore, sources in the industry told Moneycontrol. When Moneycontrol contacted the fund house, the spokesperson confirmed that there were redemptions on the first day of listing but attributed the redemptions to profit-booking. On […]

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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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A fraction of your monthly fuel bill of Rs 5,000 can buy financial security for your family

After years of hard work, you managed to save enough to make the down payment for that dream car, now your prized possession. Owning a vehicle provides a sense of empowerment and greater happiness and freedom to you and your family. You will use it not just to commute to office, but will also carry you and your family to […]

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Axis Bank reports a net profit of Rs 432 crore in 2QFY18 | Financial results | Digital channels | Freecharge acquisition | Outlook | Fundamental analysis | Indianotes.com

Axis Bank reported a net profit of Rs 432 crore in the July-September quarter, well below market estimate. Axis Bank registered a 1% rise in Interest income to Rs 11235.08 crore in the quarter ended September 2017. A 1% fall in interest expenses to Rs 6695.46 crore saw net interest income (NII) grow 1% to Rs 4539.63 crore. Other income […]

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