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  • MF News

    Know how much your state contributes in equity assets
    Maharashtra, New Delhi, Gujarat are the top three states/union territories with the highest equity assets.
    by Ayushi Gautam Nov 23, 2022
    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
    Cafemutual is an independent media platform and focuses on providing knowledge and information for the benefit of finance professionals. We do not promote any particular brand or asset category.