India promises more stability to FIIs than China: Radhika Gupta
Equities have grabbed the majority of the share with 59.75% of total AUM, followed by 26.95% in debt, 8.85% in hybrid, and 4.44% in others.
Investors and partners, both domestic and international, must be rest assured that India's financial system is secure and transparent, says AMFI in a statement.
With SIP participation growing in double-digit, SIP AUM stand "highest ever" at ₹13.09 lakh crore as of July 31, 2024, shows AMFI data
Out of 281 schemes, 159 funds outperformed their benchmark indices in June, according to latest report by PL Wealth Management.
Inflows in equity mutual funds jumped 83.42% to ₹34,697 crore in May, while contributions to SIPs touched ₹20,904 crore last month, AMFI data showed.
Young investors are the force behind India's stock market boom, driven largely by simplified, ‘sachet’ investing and an extended bull run.
The SIP contribution for August rose to an all time high of ₹15,813 crore, while mutual fund folios touched an all time high of 15.42 crore in August 2023.
Abrdn Investment, formerly Standard Life, to sell its entire 10.2% stake in HDFC AMC via a block deal today.
At present, the regulatory framework for AMCs includes provisions relating to the code of conduct for AMCs, fund managers & dealers, and various other disclosure and reporting requirements.