MF News

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

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

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