Retail investors are preferring SIP option for investing in mutual funds, with the industry garnering around Rs 67,190 crore through this route in 2017-18.
Investors remained bearish on gold ETFs as they pulled out Rs 835 cr from the instrument in 2017-18, making it the fifth consecutive financial year of outflow.
Investors pumped in over Rs 1.7 lakh cr in equity-oriented MF schemes in 2017-18, making it the fourth successive yr of net inflows, according to Amfi data.
Mutual funds' assets base surged to over Rs 23 lakh crore in 2017-18, adding Rs 4.75 lakh crore to the kitty.
Mutual funds industry has added 32 lakh new investors over the last one year mainly due to a spirited promotion campaign by the industry, a senior Amfi official said.
Sebi decided to reduce the additional expenses charged by mutual funds by 15 basis points to aimed at increasing penetration of such products among investors.
Kishore Biyani-led Future Group has been signed as an associate sponsor with Star India for the upcoming Vivo-IPL 2018.
Investors pulled out Rs 94 cr from gold ETFs in Feb, taking the total outflows to Rs 773 cr from gold ETFs in FY18 mainly due to poor returns and volatility in prices.
The asset base of mutual fund (MF) industry declined by nearly Rs 21,000 crore to Rs 22.2 lakh crore at the end of February, mainly due to outflow from debt segment.
The mutual funds industry does not see any reduction in the inflows of funds after the proposal of LTCG and dividend distribution tax (DDT), an official said.
Aditya Birla Group May Raise $1 Bn To Repay Regulatory Dues
AB Group To Sell Stake & Promoter Entities Of Co
In Talks With Large PE Funds
Deal Will Let AB Group Maintain Current Shareholding
PE Investors To Get Indirect Stake In Idea
Bags Orders For Rural-Urban Electrification Project
Project worth Rs 3577.93 Cr
Projects under Saubhagya Yojna
Projects to be completed within 15 months
Board Meeting On April 19 To Consider Various Bids Received
CKP Financial Open Offer To Acquire 1.39 Cr Shares Of Co
Offer Represents 25.02% Stake, With Price Of Rs 400/Sh
To make an investment of rs 500 cr in GIFT City
Will develop about 1,000 housing units in GIFT City
Residential footprint rises to 10 cities with investment