
‘Backwater towns’ part of India’s financial revolution now: FM
Total mutual fund assets of cities beyond the top 30 ones have grown from 15% to 26% in the past four years alone, says Nirmala Sitharaman
Total mutual fund assets of cities beyond the top 30 ones have grown from 15% to 26% in the past four years alone, says Nirmala Sitharaman
Alternative Investment Funds have emerged as one of the rapidly growing segments of the investment landscape in terms of growth, says SEBI in its annual report for FY23.
Though assets under management are at a record high of ₹40 lakh crore, it seems individuals have not embraced MFs completely, which poses both a challenge and an opportunity for the industry.
Six Mutual Funds namely Axis, Aditya Birla Sun Life, HSBC, HDFC, IDFC, and Franklin Templeton slid in AUM ladder when Industry’s AUM grew by 5% in 2022
New players up the ante in target-dated funds or modelled portfolios while traditional ones innovate to catch up with a developing trend.
A year after the onslaught of the global pandemic, FPI inflows, corporate performance, and news of the vaccines were key to the Indian equity markets’ immunity against Covid-19.
In a chat with Fortune India, Radhika Gupta, MD and CEO of Edelweiss Asset Management, talks about how the fallout of the the Covid-19 pandemic can be used in a positive manner, among other things.
According to CRISIL Research, the Indian mutual fund industry’s assets under management can touch the ₹50 lakh crore mark by March 2025, and multiple triggers will aid this massive growth.
Ajay Tyagi, chairman of the markets regulator, says mutual funds must remember there is a difference between ‘investing’ and ‘lending’; hints at a slew of reforms for the debt market.
Mutual funds industry body AMFI cites the central bank’s ₹50,000 crore special liquidity facility for the development.