MF News

AMFI report shows that retail investors held more than 8.82 crore mutual fund folios as on March 2020.

Ravi Gopalakrishnan, Head - Equity, Principal Mutual Fund believes that markets may correct if the situation worsens and/or significant parts of the country go into an effective lock down to limit the chain of the virus.

Rajiv Shastri, Chief Executive Officer, NJ Mutual Fund talks about his plans for the fund house, philosophy of the fund house and much more.

In addition, overall redemptions have reduced to Rs.5.72 lakh crore from 8.73 lakh crore in March.

Meanwhile, PN Prasad has been elected as the new president of Pondicherry MFD Association.

Here are six stories of people in the asset management industry who won the battle against covid.

However, if a nominee wants to do fresh business or generate trail income on SIP inflows, he has to obtain new ARN and transfer assets.

MFD Dipesh Sethia, Vishal Rochlani and Mithun Jathal share with us two activities that transformed their business in the financial year 2020-21.

New Delhi, Goa and Maharashtra reported the highest AUM per capita

Currently, the nominee has to submit application to transfer assets within 6 months of demise of the distributor.

He is survived by his wife and 3-year-old daughter.

There are plenty of risks including a potential ban associated with cryptocurrencies in India. The risk-reward ratio of the asset class suits only those investors who have a very high risk appetite

Proportion of individual investors in the total AUM grew marginally.

Top three states – Maharashtra, New Delhi and Gujarat account for 57% of the total industry AUM as on March 2021.

These three fund houses have highest retail AUM in the industry.