MF News

SEBI has proposed that market intermediaries including fund houses cannot work with finfluencers directly or indirectly.

Read on to know how many new SIPs have the different distribution players registered in FY 2022-23.

3 aggressive hybrid funds, 2 conservative hybrid funds and 2 arbitrage funds make it to the top.

These three fund houses collectively manage T30 assets of over Rs 15 lakh crore.

Nimish Ashar of Nimish Ashar Wealth, an AMFI registered Mutual Fund Distributor feels that MFDs should keep their clients’ interest first by recommending low cost passive funds. Eventually, it will help them command a higher wallet share of their clients and get referrals from them.

The trade body said that it will not entertain any correction to the GST number at a later stage.

These three fund houses collectively manage Rs.9.01 lakh crore of AUM under regular plan.

In percentage terms, Union MF takes the lead as it derived 30% of its total monthly average AUM from B-30 cities.

Returns Rs.27,500 crore to its unitholders.

Manish Gadhvi to lead its B2B business.

Vishal Malhotra conveys deep gratitude on receiving funding Rs. 13 lakh for cancer treatment.

NFO opens on August 21 and closes on September 4.

These 5 MFDs are the Financial Freedom Providers. It is a joint initiative of Groww Mutual Fund and Cafemutual that aims to recognize MFDs who have helped their clients attain financial freedom.

The contribution of individual investors now accounts for 57% of the total MF assets as on June 2023.