Under pressure, MFs look for change in new year
While the mutual fund industry assets under management crossed ₹31 lakh crore, MFs continued to reel under record–high redemption pressure in December. What would the new year bring?
While the mutual fund industry assets under management crossed ₹31 lakh crore, MFs continued to reel under record–high redemption pressure in December. What would the new year bring?
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.
Although bourses are roaring, SEBI data shows mutual fund managers have been playing smart by continuing to be net sellers of equities, even in the month of November.
Amidst subdued economic climate, this is the year’s largest fund raise in the Indian private credit space.
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.
The central bank announces ₹50,000 crore special liquidity facility for mutual funds to help debt funds tide over market disruptions caused by Covid-19.
Franklin Templeton India has closed six yield-oriented schemes—which accounted for 63.4% of its total debt-oriented funds’ average AUM. It links the closure to Covid-19-related market dislocations.
Net equity inflows of mutual funds were 14.9 times higher than foreign portfolio investors’ ₹6,152 crore at end of the fiscal year ending March.
AMFI data reveals that industry’s net AUM fell over ₹4.96 lakh crore over February, and down nearly 5% compared to March 2019.