Open-ended schemes' outflows have surpassed Rs 2,480 crore outflows seen in July-their first after over four years
The positive inflow pushed the asset base of debt mutual funds to Rs 11.63 trillion at June-end from Rs 11.5 trillion at the end of March, according to data with Association of Mutual Funds on India
The regulator has made these changes because of amendment done in rating agencies' norms, Sebi said in a circular.
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Flows were 95 per cent lower than previous month's tally
Experts say move could give clearer picture on impact on flows in current conditions
Associated distributors have proved stickier during recent troubled times for MFs
It's important to question the intermediary so that you know more about the product
ARN is a unique code allotted to intermediaries by the Association of Mutual Funds in India (Amfi)
Association of Mutual Funds in India urges investors to remain calm after Franklin Templeton shut the debt funds.
The outflow has pulled down the assets under management of the 44-players mutual fund industry to Rs 22.26 trillion in March-end from Rs 27.23 trillion in February-end
Commissions paid by LIC on first-year premiums grew at a sharp pace of 46% YoY in December quarter
Industry experts said the addition of folios indicates investors' understanding about market risks associated in the mutual fund schemes
SIP continued to be the preferred route for retail investors to invest in mutual funds as it helps them reduce market timing risk, the industry body noted.
Fund managers attributed growth in the asset base to higher retail participation and robust inflows in equity schemes and liquid funds
Fund managers say PSUs look attractive as valuations are cheap and possibility of strategic sales offers room for value unlocking
Funds will have to adhere to sectoral caps and restrictions applicable to foreign investment in Indian equities
In a letter, it informed the Association of Mutual Funds in India (Amfi) that it approved of the proposal on graded exit loads made by the industry body
Given the recent credit events and equity market volatility, the going may not be easy for fund houses
Seven top executives discuss the road ahead for the fund industry, how they plan to restore investor confidence and woo millennials