'Equity AUM rises 21% to Rs 7 lakh crore on rebound in markets, SIP inflow'
The asset base of equity mutual funds surged 21 per cent to over Rs 7 lakh crore during the June 2020 quarter, primarily on account of rebound in markets and backed by strong SIP inflows, a Morningstar India report said on Thursday.
Mutual funds’ average AUM falls 8.9% in April-June, Franklin worst hit
The average AUM of the industry declined from Rs 27,03,675 crore durin...
MFs’ average AUM falls 8.9 per cent in April-June, Franklin worst hit
Franklin Templeton was worst hit, accounting for over 15% of this Rs 2....
Mutual fund industry folio count rises 9% in FY20 on robust performance
Industry experts said addition of folios indicates investors' maturity and understanding about market risks associated with the mutual fund schemes.
Net inflows in equities plummet to 4-year low, SIP contribution tanks below Rs 8,000 crore
Net inflows in equities plunged 94% month-on-month in June, according to report released on Tuesday by Motilal Oswal Institutional Equities.
AMFI reassures debt mutual fund investors about credit quality of debt funds
AMFI strongly recommends that investors continue to focus on their investment goals, consult their financial advisor and not get side-tracked by an isolated event in a few schemes of one fund company.
AUM share of 'sticky' long term funds improves
The AUM of sticky funds rose by 15% to Rs 5.6 lakh crore ($ 74.6 billion) in the two months to May.
Franklin’s six shut debt schemes receive cash flows of Rs 2,667 crore
The money received is on account of maturities, principal repayments and prepayments.
Waterfield expects $5 billion AUM in 2 years; launches global platform with Zephyr
The new platform will allow investors access to a diverse class of products across the world in public and private markets, both the companies said.
Retirement mutual funds AUM increase 24% in Apr–Jan
Retirement-oriented mutual fund schemes are typically open-ended, with lock-in of five years or till the retirement age, whichever is earlier. Retail investors are putting in around Rs 8,532 crore every month through SIPs into these funds.
Sanjay Sapre of Franklin Templeton updates investors on shuttered schemes
Sapre also informed investors that two of the schemes undergoing winding-up have surplus cash and the fund house will take appropriate steps to distribute the money to the unitholders at the earliest.
SIP inflows hit due to shrinking disposable income, job loss fears
The total SIP book dropped to Rs 8,123 crore in May, the lowest in the 11 months. It fell by nearly 3% sequentially for the second month in row.
D-Street analysts shrug off HDFC’s Q1 miss, project up to 16% upside
The company kept aside all proceeds from the stake sale in HDFC Life Insurance for expected loan losses and to deal with other contingencies. But brokerages said this is what would put it at a comparatively advantageous position.
Max Financial Q1 results: Net profit jumps over 3-fold to Rs 182 cr
MFSL had posted a net profit of Rs 54.24 crore in the corresponding April-June period of the previous fiscal.
HDFC Q1 results preview: Double digit fall in profit likely; loan growth seen in 5-8% range
Nirmal Bang Institutional Equities believes that HDFC's NPA position is relatively much better than peers such as LIC Housing Finance and PNB Housing Finance.