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SEBI allowed mutual funds to launch passively managed ELSS, though with a caveat that mutual funds can have either an actively-managed ELSS scheme or passively-managed one, but not in both categories
The move will allow new fund houses that are especially focusing on passive schemes to float a passively-managed ELSS fund
While large-cap funds experienced a net inflow of Rs 13,569 crore for the entire 2021-22, inflow for mid-cap funds stood at Rs 16,308 crore and the same for small-cap funds was at Rs 10,145 crore
Industry players say banks have ramped up mobilisation via CDs in recent months amid pick-up in credit offtake
In March 2022, equity AUM for the industry stood at Rs 13.65 trillion higher than debt AUM of Rs 12.98 trillion, reveals data.
Geopolitical tension due to Russia- Ukraine war, concerns over surging crude prices and uptick in domestic inflation have weighed on market performance in recent months
This was much lower compared to a record net inflow of Rs 28,463 cr seen in the preceding month, data from the AMFI showed on Tuesday
Total equity value for the top 20 AMCs increased 5.1 per cent month on month (MoM) and 35.6 per cent year on year (YoY) in March 2022
Here're top-performing MF schemes in the past two years
This comes after BNP Paribas Asset Management Company Private Limited (BNPP AMC) informed Sebi that it wants to surrender the registration granted to BNP Paribas Mutual Fund
Among large-caps, Kotak Mahindra Bank, HDFC, ONGC and Maruti Suzuki among most-bought shares; ITC tops sell list
The number of asset management companies (AMCs) - managing at least some AUM - have declined from 45 to 42
BSE's mutual fund distribution platform StAR MF processed a record 29.9 lakh transactions in a single day on Monday
This comes following a net outflow of Rs 25,966 crore during 2020-21, data with Association of Mutual Funds in India (Amfi) showed
Surge in inflows into multicap funds was largely due to the NFO of SBI Multicap fund which garnered Rs 8,170 crore
Share of bottom 10 mutual funds has fallen to 20 bps as a proportion of assets in March 2022 from 62 bps in March 2016
Strong inflows into equity and hybrid schemes coupled with sustained inflows through systematic investment plan (SIP) contributed to the growth in assets.
Strong SIP inflows will help cushion the blow, they add
Strong SIP inflows will help cushion the blow, they add