MF News

The merger strengthens LIC MF’s market presence and mutual fund product offerings

Christy Mathai of Quantum MF, Mahesh Patil of Aditya Birla Sun Life MF, Sumit Agrawal of Bandhan MF and Vinay Paharia of PGIM India MF share with us the overall market outlook and recommended fund categories.

Surjitt Singh Arora, Head - PMS, PGIM India MF shares his sectoral views and also talks about PGIM India Core Equity Portfolio PMS

Nippon India MF retains its fourth ranking in terms of quarterly average AUM.

AMFI has urged MFDs to submit annual DSC at the earliest.

SEBI lays down guidelines for investment by MFs and AMCs in Corporate Debt Market Development Fund (CDMDF). It also issues a framework for CDMDF.

While 27% of the total SIP AUM coming through regular plan stay invested for over 5 year, such a number is 15% in direct plans.

Both entities will form Jio BlackRock, a joint venture that will focus on digital-first offering and democratising access to investment solutions.

The book ‘Retire on your terms’ tells readers how they can attain financial freedom at retirement and lead a stress-free life post retirement.

Ask circle reconstitutes its managing committee and announces new office bearers.

4,430 individuals join the MF industry in April-June 2023 as against 5,173 during the same period last year.

The AMC reports Rs 477.5 crore PAT for the quarter ended June 30, 2023 as against Rs 314.2 crore last year.

This trend is similar in both T30 and B30 cities.

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Maharashtra, New Delhi and Karnataka are the top three states in term of MF assets.