MF News

The MF industry has added close to 8 lakh new folios in the debt fund category between May and July.

The average folio AUM of retail investors dropped by 15% compared to previous year.

The fund house has received applications from over 80,000 investors.

Dhaval Shah who manages ABSL Pharma & Healthcare Fund shares why the fund has given around 45% return in the last one year and his insights on pharma sector going ahead.

Ashwani Bhatia returns to parent SBI bank as its MD.

Currently, mutual fund distributors earning less than Rs.20 lakh and not having GST registration are exempted from paying GST.

Incorporated in August 1995, the industry body has 44 members.

Get insights on how to command attractive trail brokerage from AMCs

Latest AMFI data shows that 1514 individual MFDs have renewed their ARN in July. This exceeds the pre-lockdown levels of March when 1371 individual MFDs renewed their ARN.

In the large cap fund category, most funds have delivered an annual return of just 5.8% over the past 5 years and 8.3% over the past decade. For multi cap funds, the 5-year returns stands around 5.3% and 10 year returns around 9%.

SEBI will no longer entertain email complaints and urged investors to use SCORES to lodge their grievances.

Overall, the average folio assets of investors has gone up by 19% to Rs 2.94 lakh in July from Rs 2.48 lakh in March.

A report by Motilal Oswal Financial Services shows that the MF industry’s top 20 fund houses have exposure of Rs 11.01 lakh crore in equities. Fund houses like Mirae Asset, Canara Robeco and Invesco have seen the highest increase in their equity exposure.

Yes MF had Rs 56.97 crore of average AUM in June quarter, significantly down from Rs 2,000 crore in March 2019.