Mid caps back in favour as economy shows signs of turnaround.
As many as 22 out of a total of 50 top diversified equity schemes have beaten the benchmark indices this year.
Investors pumped in a net Rs 1.5 trillion in various mutual fund schemes in May, the highest amount in more than three years.
In comparison, MF exposure to was at all-time high in February.
BJP’s prime ministerial nominee keeps a large chunk (almost 90 per cent) of his movable assets in the bank.
It is expected that Sebi will revise the registration fee and other fee for stock exchanges, mutual funds, brokers and other intermediaries.
Sebi’s report on mutual funds reveal that top 15 cities contribute 87% of the industry’s AUM, highlighting the need to break new ground.
Nearly 45 fund houses in India together manage assets worth over Rs 9 lakh crore, but fund mobilisation has been a tough task for them for past few years.
Mutual funds,especially HDFC MF,are upbeat about an even better performance in 2014.
Top diversified mutual equity funds had a rough 2013 with half of the funds underperforming.
Individuals owning stocks directly is 9 times more in Indian equity markets,says Ramadorai.
‘Rise in mutual fund AUMs is mainly due to flows into liquid funds.’
Panel wants to bring public servants under its purview,put onus on insiders to prove innocence.
Mutual funds equity folio closures in India jumps in November,a month when benchmark indices too retreated.
Mutual fund industry has been facing consistent equity folio closures for past few months.