MF News

HDFC, ICICI and UTI emerge as distributors’ favourites

While HDFC, ICICI Prudential and UTI have the highest assets coming from MFDs and NDs, Franklin Templeton, Edelweiss and Sundaram get more than 70% of business through this channel.

by Karishma Gagwani Nov 23, 2022

Meet the AMCs with highest cash holdings in equity funds

PPFAS MF holds 11.6% of their total equity assets in cash.

by Nishant Patnaik Nov 23, 2022

MFs will have to pay penalty if they delay redemption proceeds beyond 7 days

So far, AMCs have had to pay penalty only if settlement of redemption proceeds happens after 10 working days.

by Team Cafemutual Nov 22, 2022

IIFL Wealth & Asset Management is now 360 ONE

The company is likely to rebrand other business verticals like mutual funds after seeking the regulator’s approval.

by Team Cafemutual Nov 22, 2022

Wealth tech platform Vijya Fintech raises over Rs.8 crore

Vijya Fintech offers wealth management solutions to MFDs/RIAs.

by Team Cafemutual Nov 22, 2022

SEBI to regulate social media influencers giving unsolicited advice

The market regulator said that it is working on guidelines to regulate financial influencers.

by Team Cafemutual Nov 22, 2022

State and UTs with the highest AUM per capita

AUM per capita is the total AUM of the state/UT divided by total number of folios.

by Ayushi Gautam Nov 21, 2022

HDFC, SBI and ICICI Prudential have the largest share of retail assets

HDFC MF, SBI MF and ICICI Prudential MF collectively manage over Rs.3 lakh crore of retail assets.

by Team Cafemutual Nov 21, 2022

SIPs in index funds gain traction but equity schemes remain the preferred choice

AMFI data shows a 73% jump in the index fund SIPs. However, equity schemes continue to constitute 85% of the total live SIP accounts.

by Karishma Gagwani Nov 21, 2022

SBI, ICICI Prudential and HDFC are the top three MFs in T30 assets

A few fund houses like Edelweiss, HSBC, IDFC and Kotak have 90% or more of assets in T30 cities.

by Karishma Gagwani Nov 21, 2022

Fund houses which received the least investor complaints in Sept 2022

Of the total 1,717 investor complaints in Sept 2022, DSP MF, UTI MF, Tata MF and HSBC MF report the least complaint count.

by Karishma Gagwani Nov 17, 2022

Close to 7 lakh new subscribers join NPS: PRFDA

The NPS industry has added over 6.66 lakh new subscribers in the last one year.

by Karishma Gagwani Nov 17, 2022

MF industry sees decline in MF foot soldiers

The number of people who distribute mutual funds or MF foot soldiers which includes ARNs and EUINs declined by 16% to reach 2.15 lakh in Sept 2022.

by Karishma Gagwani Nov 17, 2022

Over half of MF assets come from Maharashtra, New Delhi, and Gujarat

Maharashtra, New Delhi, and Gujarat—accounted for 60% of the total AUM of the MF business, shows the latest AMFI data.

by Ayushi Gautam Nov 17, 2022

Net SIP inflows improve, now 58% of the gross SIP inflows

Of the total gross monthly SIP inflows of Rs.13,000 crore, net SIP inflow of the industry is Rs.7500 crore.

by Team Cafemutual Nov 16, 2022

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