MF News

DSP MF report says that while investors have made 6.4% CAGR through lumpsum investment in US equities over the last 123 years, they could have got 10% CAGR through SIP route in this period.

Abhishek Tiwari, Chief Business Officer, PGIM India Mutual Fund talks about PGIM India Partner Assist Portal, how MFDs/RIAs can thrive in the current environment and more.

Of the total SIP contribution in April-June 23, distributors continue to bring in 77%.

Total investor count increases to 3.83 crore.

REDVision Technologies shares the key to unlocking business growth fivefold times.

Equity investments account for just 5% of their total assets.

CAMS KRA has enabled online KYC modification for people who have done KYC from them.

The fund house has introduced a new facility that eliminates the need of setting up SWP after doing long term SIPs.

According to Goldman Sachs Research, India will overtake USA to be the second-largest economy.

With an annual growth of Rs. 1.15 lakh crore, SBI is the fastest growing fund house in absolute terms. On the other hand, Mirae Asset MF records the highest growth in percentage terms.

Sushil Budhia, Senior Fund Manager, Fixed Income, Nippon India Mutual Fund takes us through India’s credit risk space and talks about Nippon India Credit Risk Fund.

While PAN Aadhaar linking is not mandatory for NRIs, investors who have invested in MF before becoming NRIs will have to update their status with the income tax department.

Overall, the industry average AUM stood at ₹ 44.82 lakh crore, 21% higher than the last year.

SEBI issues guidelines for new MF sponsors.