Retail MF folios (equity, hybrid, solution-oriented schemes) also at an all-time high at 12,08,50,415 in July 2023 compared to 11,90,63,434 in June 2023.
Retail AUM (equity, hybrid, and solution-oriented schemes) stood at Rs 20.34 lakh crore in March 2023, with an average AUM of Rs 20,45,632 crore
In comparison, an inflow of Rs 1.14 lakh crore through the route was registered in 2021 and Rs 97,000 crore in 2020, data with the Association of Mutual Funds in India (AMFI) showed
At the same time, the number of new SIP registration rose to 24.7 lakh last month from 19.56 lakh in April, implying fresh registration of over 5 lakh, data with the Association of Mutual Funds in India (AMFI) showed.
As of March 31, 2023, the total number of open-ended debt-oriented schemes was 315, with more than 71.59 lakh folios and around Rs 9.09 lakh crore investments.
Net inflow in equity-oriented schemes was the lowest in November since April 2021, but SIP numbers were still strong at 21,77,629 new additions.
Sebi has repeatedly clarified that AMC-run training programs for mutual fund distributors should not be linked to systematic investment plan sales targets.
The Securities and Exchange Board of India (Sebi) has warned asset management companies to stay vigilant against fake social media groups trying to dupe investors.
This came in the wake of a major correction in global markets that brought down the valuation of international stocks
This was a significant rise from 2020 to 2021 when 81 lakh accounts (or folios in mutual fund parlance) were opened, data with the Association of Mutual Funds...
Equity mutual funds witnessed a net inflow of Rs 1,64,399 crore in the entire 2021-22. This included an all-time high inflow of Rs 28,464 crore last month.
Net outflows from the gold ETFs were at Rs 452 crore in the month of January. Prior to that, the asset class had seen a net investment of Rs 313 crore.
In comparison, equity mutual funds saw a net inflow of Rs 14,888 crore in January and Rs 25,077 crore in December, data from the Association of Mutual Funds in...