Groww pays ₹1,340 cr tax to move domicile to India
Groww reported revenues of ₹3,145 crore for FY24 (fiscal year ending March 31, 2024), 119% growth from FY23 revenue of ₹1,435 crore.
mutual fund
October 2024
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September 2023
16 ongoing NFOs: AMCs racing to capitalise on bull run inflows in MFs
Currently, there are 16 ongoing NFOs, with 6 actively managed funds—three sectoral and three pure equity schemes.
Mutual Fund AUM grows 7x to ₹61.2 lakh cr in 10 years
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.
Hindenburg case: AMFI backs SEBI chief, says India's financial system secure, transparent
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.
Mutual fund SIP inflow in July surges 10% to hit all-time high at ₹23,331 cr
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
57% of equity MFs outperformed benchmarks in June; multi cap funds top chart
Out of 281 schemes, 159 funds outperformed their benchmark indices in June, according to latest report by PL Wealth Management.
Mutual fund AUM surges to ₹58.9 lakh cr in May; inflows in equity MF hit all-time high
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.
‘Sachet’ Investing Hooks Millennials To Stock Markets
Young investors are the force behind India's stock market boom, driven largely by simplified, ‘sachet’ investing and an extended bull run.
Highest turnover, highest SIPs, max MFs; August sets new record for stock market
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.
