Groww, an investment platform, today announced direct plan mutual funds for its customers.
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.
Equity mutual funds witnessed a net inflow of Rs 6,657 crore in March, a plunge of 59 per cent from the preceding month, due to volatile stock markets.
Mutual funds witnessed huge redemptions of over Rs 50,000 crore by investors in March on strong outflow from liquid and debt funds, according to Amfi.
BSE said 37 asset management companies (AMCs) have agreed to pay a service charge per transaction for using its platform.
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.
The govt plans to hit the market with the follow-on offer of Bharat-22 ETF, with ICICI Prudential MF filing draft papers for the second round.
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