Mutual fund industry News

The increase in AUM was supported by mark-to-market (MTM) gains and steady inflows throughout the year. 

According to the AMFI report, mutual funds have made it possible for investors to benefit from a diversified portfolio managed by experienced professionals, even with a modest investment.

The systematic investment plans (SIPs) reached fresh highs as monthly contributions via SIPs hit Rs 23,547 crore in August, against Rs 23,332 crore in the previous month. 

The AUM has increased to Rs 23 lakh crore at the end of June this year from Rs 12.3 lakh crore as in March 2016.

Overall, investors withdrew a net Rs 50,000 crore in MF schemes last month as compared to a net infusion of Rs 1.4 lakh crore in April.

Since January, MF houses have increased weight on the sector, which gets a major chunk of its revenues in US dollars.

According to the data with the Association of Mutual Funds in India (Amfi), equity funds, which also include equity-linked saving schemes (ELSS), saw net inflows of Rs 16,002 crore in October, compared to Rs 18,936 crore in the preceding month.

In comparison, assets under management (AUM) of the MF industry, comprising 42 players, were at Rs 19.52 lakh crore during the April-June quarter, as per latest data with Association of Mutual Funds in India (Amfi).

The fund is expecting to log 35 percent growth this fiscal.

The asset base of mutual fund industry in India surged 35 percent to all-time high of Rs 18.3 lakh crore in 2016-17, driven by growing participation from retail investors.

Mutual Fund industry has added more than Rs 3.5 lakh crore to its asset base in 2016 to reach Rs 17 lakh crore mark, primarily on account of growing interest from retail investors and aggressive buying of stocks.

Mutual fund industry's asset base surged by 12 percent to a record high of Rs 16.11 lakh crore in July-September quarter helped by strong participation from retail investors and robust inflow in equity schemes.  

India has among the lowest mutual fund investments to GDP ratios in the world at 7 percent, offering a vast untapped opportunity for MF houses, which can leverage technology to enhance reach, a report said Tuesday.  

Contribution of small towns -- known as beyond the top 15 cities (B15) -- to mutual funds' asset base in India has surged 19 percent to Rs 2.02 lakh crore in last fiscal.

As of January-end, over 40 fund houses in the country together had an average AUM of Rs 12,73,714 crore as against Rs 12,74,835 crore in the preceding month, the latest data of the Association of Mutual Funds in India (AMFI) showed.

Driven by strong inflows in equity and liquid schemes, the asset base of country's mutual fund industry surged 11.5 per cent to an all-time high of over Rs 13.24 lakh crore in October.

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.

The asset base of mutual fund industry worldwide climbed 5 percent to a record USD 74 trillion in 2014, primarily on account of strong performance of the Asia-Pacific region, led by China and India.

Mutual fund industry is set to achieve an investor base of 10 crore accounts in the next five years, while their asset base can touch Rs 20 crore in just about three years, helped by positive market sentiments and growing interest among retail investors.

Showing a strong surge in retail investor interest, mutual fund industry has seen the number of its new Systematic Investment Plans grow by 18 per cent to 73 lakh at the end of March 2015.