
MF industry veteran Nilesh Shah in PM’s Economic Advisory Council
Shah joins the panel along with Credit Suisse India Equity Strategist Neelkanth Mishra and IFMR Graduate School of Business dean V. Anantha Nageswaran
Shah joins the panel along with Credit Suisse India Equity Strategist Neelkanth Mishra and IFMR Graduate School of Business dean V. Anantha Nageswaran
This means redemption transactions received without PAN in respect of non-PAN-exempt folios are liable to be rejected
Liquid funds power 47% inflow jump in debt funds; hybrid funds witness 33% drop due to balanced advantage schemes
The MF industry added 44.2 million folios between March 2014 and June 2019. The AUM of individual investors saw a 27% rise from March ’14 to Rs 14 lakh crore or 58% of AUM now
SIP collection stood at all-time high of Rs 8324.28 crore in July 2019 compared to Rs 8122.13 crore in June
SIPs have now set a new normal with monthly flows consistently crossing over Rs 8,000 crore
The Rs 25-lakh crore mutual fund industry has come out with key Budget recommendations ahead of the first budget of Modi 2.0 regime
Mutual fund industry body AMFI has come out with guidelines on how mutual fund schemes should lower the value of sub-investment grade securities, thus bringing in more transparency
In March 2019, SIP witnessed a marginal drop in collections at Rs 8,055 crore and four fund categories including liquid, arbitrage, and balanced saw outflows
The domestic mutual fund industry’s assets under management declined 0.89% to Rs 23.16 lakh crore in February 2019, which was led by outflows from income and liquid funds
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