Strong inflows in new fund offers (NFOs) and a stable SIP book helped equity mutual funds attract a net investment of nearly Rs 40,000 crore in the three months ended September 2021, a two-fold growth from the preceding quarter. The inflow pushed the asset base of equity mutual funds (MFs) to Rs 12.8 trillion by September-end, from Rs 11.1 trillion at the end of June, data with the Association of Mutual Funds in India (Amfi) showed.
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Market regulator SEBI on Thursday eased the regulations for trustees and mutual fund employees to invest and trade in securities. Based on the representations received from the industry participants, AMFI and recommendations of Mutual Fund Advisory Committee, it was decided to review the norms for employees of AMCs and Trustees of Mutual Funds to invest in securities, SEBI said in a circular on Thursday.
To standardise and bring uniformity to the benchmarks of mutual fund schemes, Sebi on Wednesday came out with a two-tiered structure for benchmarking certain categories of schemes. The first tier benchmark will be reflective of the category of the scheme, and the second tier benchmark will be demonstrative of the investment style/strategy of the fund manager within the category, Sebi said in a circular.
Systematic investment plans (SIPs) have emerged as the mainstay for the Rs 37-trillion mutual fund (MF) industry. Under this route, investors invest a fixed sum in MF schemes at periodic intervals. It has emerged that the bulk of investments coming through the SIP route are into equity-oriented schemes.
The Indian mutual fund space has witnessed an expansion amid the Covid-19 pandemic. Top fund houses have registered growth in the range of 8-16 per cent this year in their assets under management (AUM). Indian Mutual Funds market AUM has recently crossed over Rs 36 lakh crore. Average Assets Under Management (AAUM) of the Indian Mutual Fund Industry for the month of August 2021 stood at Rs 36,09,471 crore.
AHMEDABAD: Riding on fresh inflows to equity-linked mutual funds and increasing net asset value, overall assets under management (AUM) for mutual funds (MFs) in Gujarat increased by Rs 55,201 crore in just eleven months. With this, total AUM for MFs in Gujarat breached the Rs 2.5 lakh crore-mark to touch Rs 2.57 lakh crore in September 2021, according to data by Association of Mutual Funds in India (AMFI).
In what could help investors gauge the mutual fund schemes they are investing in more closely, the capital markets regulator, the Securities and Exchange Board of India (Sebi), has issued guiding principles for bringing uniformity in the benchmarks against which a scheme’s performance is measured.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.