MF News

In FY 2019-20, HDFC AMC witnessed its net profit rise by 36% to Rs 1,262 crore as against Rs 931 crore profit in the preceding financial year.

AMFI revises the list of T30 cities with pin codes. A few satellite cities like Vasai, Virar and Kalyan (near Mumbai), Tambaram (near Chennai), Palwal (near Delhi) and Santragachi (Kolkata) are B30 cities.

The Fund of Funds (FOF) will invest in a basket of MF schemes depending on the risk appetite of investors.

Overall, the industry average per folio AUM fell to Rs.2.48 lakh in March 2020 as against Rs.2.89 lakh in March 2019.

A year ago in March 2019, 31.9% equity assets were invested for more than 2 years, a difference of almost 10%.

Two leading mutual fund distributors (MFDs) –Neelesh Shah of MoneyDoctor and Vishal Dhawan of Plan Ahead Financial Planners share how they select funds for their clients.

Harshad Patwardhan, CIO - Equity of Edelweiss AMC talks about covid-19 impact on equity market, its possible recovery and more.

HDFC MF has the highest equity AUM in T30, followed by ICICI MF and SBI MF. Here is the ranking of fund houses based on their equity assets in T30 cities.

Read on to know why the MF industry is well positioned to deal with corona crisis and regain its growth momentum.

The industry’s gross redemption was at Rs.7.75 trillion in April 2020 compared to Rs.17.73 trillion in April 2019.

RBI has projected negative GDP growth in FY2020-21 and cut the policy repo rate by 40 bps to counter the slowdown. The central bank also extended moratorium on all term loans by another 3 months i.e. creditors can continue to skip their EMIs for June, July and August, 2020.

ABSL MF has stopped fresh subscriptions in its credit risk fund and medium term fund. However, SIPs and STPs registered before May 22 will continue to be processed. And existing investors can redeem their investment at any point.

SBI MF has the highest equity AUM in B30, followed by HDFC MF and ICICI MF. Read on to know the ranking of fund houses based on equity assets in B30 cities.

The MF industry saw reduction in SIP discontinuation in April with closure of 5.40 lakh SIPs as against 6.02 lakh in March.