July 03, 2020 5:16 pm
Average asset under management (AAUM) of the industry, comprising 45 players, stood at Rs 24.82 lakh crore in April-June quarter 2020 as compared to Rs 27 lakh crore in the preceding quarter, according to a data by Association of Mutual Funds in India (Amfi).
July 02, 2020 8:15 am
While all categories of mutual funds (except for ETFs) will attract stamp duty for the first time, shares purchased by individuals at stock exchanges were charged stamp duty at different rates by respective states.
June 15, 2020 4:37 pm
According to Association of Mutual Funds in India (Amfi), MFs that invest in fixed-income securities saw an inflow to the tune of Rs 63,665 crore last month as compared to an inflow of Rs 43,431 crore in April.
May 03, 2020 2:25 pm
In terms of percentage growth, SBI MF, which is the largest fund house in the country in terms of AUM, gave its CEO Ashwani Bhatia a salary jump of 132 per cent to Rs 51 lakh in 2019-20. He had earned a salary of Rs 22 lakh in the preceding fiscal.
April 25, 2020 1:47 pm
According to fund managers, after Franklin Templeton’s unilateral decision to wind up its six schemes, debt MF investors reacted negatively adding to the redemption pressure since morning.
February 11, 2020 3:56 am
According to the Association of Mutual Funds in India (AMFI), debt-oriented schemes recorded strong inflows of around Rs 1.09 lakh crore.
August 28, 2019 4:02 am
The document, targeting penetration in B30 (beyond the top) cities, was released in Mumbai in the presence of Sebi Chairman Ajay Tyagi and mutual fund industry officials.
August 09, 2019 5:28 am
The debt segment, meanwhile, saw an inflow of Rs 61,845 crore in July 2019. As much as Rs 45,441 crore was accounted by liquid schemes.
June 25, 2018 12:38 am
"The world is trying to deglobalise and if you hear the US President, it is clear that they are increasingly talking about their own economy and talking about tariffs. However, I think that it suits us as we are not very outward looking."
October 06, 2017 12:38 am
If the earnings don’t grow and loans & household consumption continues to grow through leveraging then in few years, it will lead to stress in household balance sheet.