Discretionary PMS category saw 4,245 accounts added in June, the highest monthly gain since October 2011, Sebi data show.
Since January, the mutual fund industry has launched just 13 equity schemes compared with 71 in 2015 and 82 in 2014.
Murarka managed the flagship Axis Equity Fund since June 2013 and Axis Midcap Fund since its inception in February 2011.
This is the first time that stock exchange platforms mobilized money for sovereign gold bonds. In the earlier three issues of the sovereign gold bonds, the government had mobilized Rs 1325 crore.
Wealth managers said one of the reasons for this is Vinit Sambre taking over independent charge of the fund since July 2015.
Typically, a first-time customer fills an application form and a NACH mandate which is a request to the bank to debit his SIP instalment every month.
All new SIPs have moved from Electronic clearing service (ECS) mandates to NACH mandates since April this year.
Improving liquidity, likelihood of a good monsoon and no rate hike by the US Fed post Brexit have led to a sharp rally in bond markets.
Though experts maintain that these bonds remain the most efficient way to invest in gold but they also caution against taking undue exposure to the metal.
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