MF News

SBI, ICICI Pru and HDFC top three fund houses in terms of direct assets

While SBI MF has Rs. 4.54 lakh crore of direct AUM, ICICI Prudential MF and HDFC MF have over Rs. 2 lakh crore each.

by Karishma Gagwani Jun 22, 2023

Lower commission doesn’t necessarily translate into churning: Report

Data shows that distributors do not prefer churning to earn additional commission.

by Nishant Patnaik Jun 21, 2023

Maharashtra, New Delhi and Karnataka: Popular places for debt investors

With Rs. 11.09 lakh crore of non-equity assets, Maharashtra takes a massive lead. New Delhi and Karnataka are next and manage Rs. 2.24 lakh crore and Rs. 1.22 lakh crore, respectively.

by Karishma Gagwani Jun 21, 2023

‘Technology compliance is the biggest worry for MFDs’

Aakash Bansal, Co-Founder and CEO, Mercury talks about technology compliance, multi-product offerings and much more.

by Vijya Fintech feature Jun 21, 2023

Meet multi asset allocation funds with equity and (new) debt taxation

Of 13 multi asset allocation funds, 5 funds offer equity like taxation structure.

by Nishant Patnaik Jun 20, 2023

Union MF launches a campaign to promote financial planning inclusivity

The campaign highlights the importance of having an effective communication when setting financial goals together.

by Team Cafemutual Jun 20, 2023

HDFC Mutual Fund launches a video campaign on Father’s Day

The campaign underlines the significance of early beginnings through SIPs.

by Team Cafemutual Jun 19, 2023

Net SIP inflows fail to impress, start the new FY with a decline

The net to gross SIP inflow ratio declined from 51% in April 2023 to 39% in May 2023.

by Karishma Gagwani Jun 19, 2023

SBI MF, ICICI Prudential MF, HDFC MF report the highest AUM from regular plans

The three fund houses collectively manage close to Rs. 9 lakh crore of regular assets.

by Karishma Gagwani Jun 19, 2023

ICICI Prudential MF promotes Manish Banthia as CIO-Fixed Income

Manish was earlier the Deputy CIO - Fixed Income and replaces Rahul Goswami.

by Team Cafemutual Jun 19, 2023

HDFC, ICICI Pru and UTI are MFDs/NDs favourite

Overall, non-associate distributors like MFDs and NDs account for 48% of MF assets.

by Karishma Gagwani Jun 18, 2023

Remember to submit your annual DSC by June 30 to avoid withholding/forfeiture of commission

Further, MFDs working with NDs can also send a scanned copy of the declaration form before June 30.

by Team Cafemutual Jun 18, 2023

MFs promote multi asset funds

In fact, three fund houses have launched multi asset allocation in the recent past while three other fund houses have filed draft offer documents to launch their multi asset allocation funds.

by Nishant Patnaik Jun 15, 2023