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.
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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
The Brief: A Slip Between The Cup And The SIP
While SIP cancellations hit a high in May and fell in June, the overall ratio continues to be very high.
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.
Mutual fund assets surge 35% to a new high in FY24
Investor adoption of systematic investment plans (SIPs) continues to rise with monthly net inflows at around ₹19,300 crore in March 2024.
‘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.
Here's Why Shares of Asset Management Companies are Rising
As a beginner unaware of the functioning of a stock market, choosing an AMC to invest in isn't easy
Investors will keep riding the wave: AMFI
Though equity MFs witnessed the seventh consecutive month of net outflows in January, AMFI's chief executive says investors will continue to tap MFs as a handy route for wealth creation.
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?
Mutual funds’ AUM declined 18% in 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.
