Mutual Fund AUM falls for third-straight month in Jan

Mutual Fund AUM falls for third-straight month in Jan

As of January-end, over 40 fund houses in the country together had an average AUM of Rs 12,73,714 crore as against Rs 12,74,835 crore in the preceding month, the latest data of the Association of Mutual Funds in India (AMFI) showed.

Mutual Fund assets hit record high of Rs 13.24 lakh crore in October

Mutual Fund assets hit record high of Rs 13.24 lakh crore in October

Driven by strong inflows in equity and liquid schemes, the asset base of country's mutual fund industry surged 11.5 per cent to an all-time high of over Rs 13.24 lakh crore in October.

Mutual Fund industry AUM slips 5% to Rs 12.55L crore in Aug

The mutual fund industry witnessed a drop of nearly 5 percent in assets under management (AUM) to Rs 12.55 lakh crore in August, mainly on account of fall in inflow into such schemes.

Mutual Fund global asset base climbs to record $74 trillion in 2014

The asset base of mutual fund industry worldwide climbed 5 percent to a record USD 74 trillion in 2014, primarily on account of strong performance of the Asia-Pacific region, led by China and India.

MFs to have 10-cr investor a/c, Rs 20-trillion asset base by 2018

Mutual fund industry is set to achieve an investor base of 10 crore accounts in the next five years, while their asset base can touch Rs 20 crore in just about three years, helped by positive market sentiments and growing interest among retail investors.

Mutual Fund industry SIP count up 18% to 73 lakh

Showing a strong surge in retail investor interest, mutual fund industry has seen the number of its new Systematic Investment Plans grow by 18 per cent to 73 lakh at the end of March 2015.

MFs' exposure to software stocks hits all-time high in August

The mutual fund industry is betting big on software companies as its equity exposure to the sector climbed to an all-time high of Rs 29,688 crore at the end of August.

MF assets rise by Rs 6,300 crore to Rs 10.12 lakh crore in August

The asset base of mutual fund industry rose by more than Rs 6,300 crore to Rs 10.12 lakh crore in August boosted by inflows in equity funds.

HDFC, ICICI, Prudential among top 3 fund houses, says report

Top three positions continue to be captured by the same three fund houses namely HDFC, ICICI Prudential Asset Management Company and Franklin Templeton during the past three years, according to the third Annual Wealth Forum Advisor Confidence Survey report.

Govt concessions to debt funds a partial relief: MF industry

Mutual Fund industry on Friday termed as 'partial relief' the government's decision to exempt debt mutual funds sold between April 1 and July 10 this year from an increased tax rate.

Marginal relief to MFs; new tax rate effective from Jul 10

In a small relief to the mutual fund industry, Finance Minister Arun Jaitley on Friday announced that the increased tax rate of 20 percent on debt MFs will not apply on units sold between April 1 and July 10.

Mutual Fund industry says Budget a mixed bag

The mutual fund industry on Thursday welcomed the Budget proposal to increase the tax exemption limit under section 80C of the Income Tax Act to Rs 1.5 lakh, but said other measures were a mixed bag.

Mutual Fund industry AUM rises by Rs 80,000 cr in Apr-Jun qtr

Improved market sentiments helped mutual funds' assets under management (AUM) soar by Rs 80,000 crore or nine percent to Rs 9.85 lakh crore in the first quarter of the current fiscal.

MFs' AUM touches record-high of Rs 10 lakh crore in May

Industry experts attributed the rise in AUM to a significant level of fund mobilisation as well as a sharp rally in equity markets.

MFs' exposure to IT stocks falls to Rs 24,315 crore in March

Mutual fund managers' exposure to the software sector has dropped to Rs 24,315 crore in March, after touching a record high in the preceding month, primarily on account of investors' concerns over the impact of appreciating rupee on exporters.

ICICI Pru MF joins Rs 1-trillion club; HDFC retains top slot

The total asset base of the entire mutual fund industry grew by over Rs 40,000 crore during the last fiscal to about Rs 8.6 lakh crore at the end of the financial year 2013-14.

Sebi says hike in net worth required for MF spread, no rethink

Defending its decision to raise net worth requirement for asset management companies, whole time member of Sebi, S Raman on Thursday said high net worth is essential for better penetration of mutual fund industry as players need financial muscle to support growth.

Mutual fund asset base can grow to Rs 20 lakh crore: Sebi

Market regulator Sebi expects its new long-term policy for mutual funds to help their total asset base grow to Rs 20 lakh crore within five years, from about Rs 9 lakh crore currently.

Mutual fund accounts drop by over 29 lakh in Apr-Jan

Mutual fund industry has lost an estimated over 29 lakh investors, measured in terms of individual accounts or folios, in the first 10 months of the current fiscal, mainly due to profit-booking and various merger schemes.

MF accounts drop by over 24 lakh during Apr-Nov

Mutual fund industry has lost an estimated over 24 lakh investors, measured in terms of individual accounts or folios, in the first eight months of the current fiscal.