MF industry’s AUM crosses ₹50 lakh-cr mark for 1st time
For December 2023, SIP contribution surged to an all-time high of ₹17,610.16 cr
mutual fund industry
January 2024
December 2023
September 2023
May 2023
November 2022
Jio Financial-BlackRock files papers for MF licence; stock surges
Jio Financial-BlackRock JV files for mutual fund application on October 19, 2023; in-principal approval “under consideration” with SEBI
SIP contributions hit highest ever of ₹17,073 cr in November
Mutual fund industry net AUM surges to ₹49,04,992.39 cr; 14 MF schemes launched last month
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.
MFs Face a Tough Battle for Flows
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.
US and India correlation broken -- S&P 500 sinks 19%, Nifty & Sensex up 2%
In dollar terms, however, India is down 7% YTD vs 19% for the US.
