MF News

SBI, HDFC and ICICI Prudential have a stronghold in B30 cities

Five fund houses - quant, UTI, Canara Robeco, SBI and PPFAS have over 20% of their assets in B30 cities.

by Karishma Gagwani Nov 16, 2022

MF bulletin: MF industry adds over 2.50 lakh new investors in October 2022

The MF industry has a total of 3.63 crore investors as on October 2022.

Posted on Nov 16, 2022

ABSL MF ties up with fintech platform to facilitate instant withdrawal facility to MFDs’ clients

The fund house has launched ‘online ATM’ for REDvision users.

by Team Cafemutual Nov 15, 2022

Noida MFD raises funds for cancer patients through a book of poems

The book ‘Umeedo Ka Indradhanush’ is a collection of poems written by cancer patients.

by Karishma Gagwani Nov 15, 2022

MFs start recruiting new distributors under the apprentice MFD program

Most top fund houses have recruited up to 50 new MFDs each.

by Nishant Patnaik Nov 15, 2022

SBI Pension holds the top spot in the pension fund space

While SBI Pension Funds manages 38% of total NPS assets, HDFC Pension Fund records the highest annual growth of 57%.

by Karishma Gagwani Nov 15, 2022

MF industry receives all time high monthly SIP contribution of Rs.13,000 crore

So far this year, the industry has received close to Rs.87300 crore from SIPs, which is 30% higher compared to last year.

by Team Cafemutual Nov 14, 2022

PAN updating: What happens if an investor could not produce PAN of the second/third holders in joint MF folio?

AMFI has made it compulsory for investors to update their PAN and PAN Exempt KYC Reference Number (PEKRN) in MF folios by March 31, 2023.

by Nishant Patnaik Nov 14, 2022

HDFC Ergo offers no cost EMI option for premium payment on its health plan

Investors can pay their premium monthly, quarterly or half yearly at no extra cost.

by Team Cafemutual Nov 12, 2022

What should be the strategy to rebalance your mutual fund portfolio?

by Source: Mint Nov 11, 2022

MFD consolidation: Bangalore MFD KG Manjunath joins hands with Happyness Factory

Manjunath manages AUM of Rs.90 crore in mutual funds.

by Team Cafemutual Nov 11, 2022

Gwalior MFD association celebrates its 10th foundation day

The foundation day welcomed 16 new members and felicitated 6-member MFDs aged above 60.

by Team Cafemutual Nov 11, 2022

Passives funds on a roll, receives inflows more than actives

While passive funds have received monthly inflows of Rs.10,300 crore, active funds saw inflows of Rs.9,400 crore in October 2022.

by Team Cafemutual Nov 11, 2022

Vinay Paharia quits Union MF as CIO

Union MF promotes Hardick Bora and Sanjay Bembalkar as Co-Head of Equity.

by Team Cafemutual Nov 10, 2022

22% of the total SIP AUM has been around for over 5 years

The proportion of 5-year-old SIP assets of regular plans is higher than that of direct plans.

by Karishma Gagwani Nov 10, 2022

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