Page 5 - Amfi
Avoiding mistakes, betting on quality helped us do better: Anurag Mittal
While Mittal believes that time spent in market is a positive and can be helpful, there is no magic number of between 30 and 35 years at which to set a minimum threshold for experience, as per him
 "Avoiding mistakes, betting on quality helped us do better: Anurag Mittal")
Mutual fund penetration poor in most states; way below global average
Many have mutual fund assets which are less than 2% of economic output
 "Mutual fund penetration poor in most states; way below global average")
Sebi tells mutual funds to enforce Amfi guidelines
The Amfi guidelines also ask intermediaries to refrain from recommending inappropriate products
 "Sebi tells mutual funds to enforce Amfi guidelines")
Amfi slow in using entrusted money
Putting structure in place, it's a big sum to be accountable for, it says
 "Amfi slow in using entrusted money")
Average AUM surges to record high of Rs 14.4 lakh cr
Buoyant inflows in equity and short- maturity debt funds lifted average assets under management of the country's mutual funds in the quarter ended June to a new record and above the Rs 14 trillion mark for the first time, says a report. At Rs 14.41 trillion, average AUM beat the previous high of Rs 13.53 trillion logged in the previous quarter and was up by 6.47 per cent or Rs 875.83 billion - also a record in absolute gain-over the quarter, a report by Association of Mutual Funds in India (AMFI) said. It said equity funds' AUM spurted 7.59 per cent or Rs 334.18 billion to a record Rs 4.74 trillion. Robust inflows of Rs 91.59 billion (April-May data) and mark-to market gains as the equity market, as represented by the Nifty 50, gained over 7 per cent in the quarter, helped. Short-term debt funds saw assets swell by Rs 100.05 billion to a new high of Rs 1.60 trillion, way above the Rs 15.25 billion growth seen in the preceding quarter. Ultra short-term fund assets rose Rs 139.97 ...
