Rakesh Rawal, CEO, says “Anand Rathi Wealth has grown in the 30% range for the last several years that we have been in the market. We projected 20-25% and achieved 30%. This year also, we projected 20-25% and hopefully we should meet that and try and better the expectations. Broadly, the industry is very well …
In a best-practices circular released on Tuesday, the Association of Mutual Funds in (AMFI) India said distributors can now earn trail commission on assets under management (AUM) switched to them by investors. Previously, AMCs withheld this commission to discourage unhealthy competition among distributors. However, the industry body has stipulated a cooling-off period of six months. …
The net inflow to equity mutual funds fell to ₹15,536 crore in the month of November from ₹19,957 crore in October, revealed the AMFI (Association of Mutual Funds in India) data for the month of November. The number of systematic investment plans (SIPs) exceeded ₹17,000 crore for the first time. The SIP book for the …
The total value of equity-related investments of MFs rose by 20% year-on-year to ₹27.4 lakh crore while that held by institutions grew by 11% to ₹142 lakh crore. Synopsis The three-month rolling cumulative investment of the domestic mutual funds stood at ₹65,919 crore at the end of October – the highest in 16 months according …
According to the study, passive funds have seen a substantial increase in their AUM, surging from a modest 1.5 per cent in 2015 to over 17 per cent. Nevertheless, equity funds dominated with the largest share at 54 per cent, followed by debt at 32 per cent, hybrid at nine per cent, and the remaining …
The flow of investments into equity mutual funds has slowed down to ₹7,625 in July from ₹8,367 crore the previous month, according to data from the Association of Mutual Funds of India. It is in this context that Swarup Mohanty, chief executive and director of Mirae Asset Investment Managers, shared some interesting insights on the …
Ashish Gupta, chief investment officer of Axis Mutual Fund, said the mutual fund industry in India, which currently has assets under management (AUM) of ₹46 trillion, is growing rapidly and it will get the next ₹40 trillion in just five years. Gupta said the industry has been doubling its AUM roughly every five years since …
In passive, we trust. This is what many proponents of passive funds, given a choice, would say in support of their argument. They emphasize that these funds have worked well elsewhere, hence would work here as well. However, proponents of active funds don’t want to throw in their towels just yet. Not even when, as …