AUM News

The net assets under management in small-cap and mid-cap funds were Rs 2,49,079 crore and Rs 2,94,490 crore

Fund manager looks for scalable businesses with a high return on capital and structural growth.

Backed by a booming stock market and increasing interest from retail investors, the assets under management (AUMs) of the mutual fund industry is likely to touch the magical mark of Rs 20 trillion next month.

Fund houses are betting big on investments through systemic investment plan (SIP) to achieve the magical figure of Rs 20 trillion assets under management (AUM) for the industry by end of the current calendar year.

The 12-odd states located in the eastern region were lagging in terms of mutual fund (MF) investments as compared to other parts of the country, a SEBI official said.

IDFC Asset Management Company on Monday launched an open-ended fixed income fund and hoped to mop-up revenue in the range of Rs 300 crore-500 crore from the scheme in the NFO period itself.

Learn the correct way to pronounce sacred word 'Om'.

The mutual fund industry witnessed a drop of nearly 5 percent in assets under management (AUM) to Rs 12.55 lakh crore in August, mainly on account of fall in inflow into such schemes.

Besides, it is planning to do away from the current practice of disclosing overall Assets Under Management (AUM) by fund houses and restrict it to only retail AUM.

Analysts said equity markets have delivered positive returns, a big reason why retail investors went for such schemes.

Though the beyond B15 market is about 53 per cent (35,584 registered independent financial advisors or IFAs), only a third of them are productive which may be defined as having average assets of more than Rs 50 lakh.

Indicating growing investor interest in capital markets, the average assets under management of equity-based exchange traded funds (ETFs) on the NSE has grown nearly five times to Rs 4,210 crore in the quarter ended March over the same period last year.

Edelweiss Mutual Fund Wednesday said its assets under management crossed Rs 1,000 crore as of April 16, a rise of Rs 193 crore from year-ago period, driven by the rally in the equities market where the fund has 93 percent of its exposure.

Fund houses are upbeat about the industry's performance for the current fiscal (2015-16) as equity markets are expected to continue their momentum, making the segment attractive, industry insiders said.

Buoyed by robust capital inflows and strong participation of retail investors, the asset base of mutual fund industry has crossed Rs 12 lakh crore mark in February.

The mutual fund industry's assets under management (AUM) climbed to record high of nearly Rs 11 lakh crore in October on the back of strong capital inflows and surge in equity markets.

The Association of Mutual Funds in India (AMFI) had started declaring half-yearly folio data from March 2009.

Having crossed the Rs 10-trillion mark in AUMs for the first time last month, mutual funds are striving hard to see further rise in participation from retail investors, apex industry body AMFI said Thursday.

The company's total premium witnessed 7 percent growth at Rs 12,063 crore in 2013-14, compared to Rs 11,323 crore in the previous fiscal.

SEBI has directed the mutual funds to maintain an average AUM of Rs 20 crore on half yearly rolling basis for open ended debt oriented schemes.