Mutual funds' asset base rises 4% in August to Rs 25.47 trillion

Mutual funds' asset base increased to Rs 25.47 trillion in August, a rise of 4 per cent as compared with the preceding month, on the back of robust inflows in equity and liquid schemes.

The 44-player industry logged an assets under management (AUM) of Rs 24.53 lakh crore in July-end, according to data from the Association of Mutual Funds in India (Amfi).

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Mutual funds AUM to rise four-fold to Rs 100 lakh crore by next decade, says AMFI

The mutual fund industry is eyeing a four-fold rise in AUM to Rs 100 lakh crore from existing Rs 25 lakh crore and increase in investor base to 10 crore from current 2 crore over the next decade, according to AMFI-BCG vision document.

The document, targeting penetration in B30 (beyond the top) cities, was released in Mumbai in the presence of Sebi Chairman Ajay Tyagi and mutual fund industry officials.

Diversifying the distribution outreach by leveraging the wide network of banks, post offices across the country, significantly augmenting the distribution base by another 4 lakhs, strengthening direct and digital channels and offering simple savings solutions would be key to Indian mutual fund industry adding 80 million new investors and accomplishing the ?100 lakh crore Assets Under Management (AUM) opportunity, AMFI said.

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Sebi to use data analytics, new technologies to address market challenges

Continuing its efforts to bolster supervision and identify non-compliance, regulator Sebi plans to deploy data analytics and new generation technologies to deal with various challenges in the market.

The watchdog has been taking strict action against erring entities, apart from steps to protect investors and ensure integrity of the market.

Sebi Chairman Ajay Tyagi has said that apart from enhancing investor awareness and improving access to the securities market, the regulator would continue to strengthen market supervision through various steps such as technology solutions being built to achieve the objective of identifying non-compliance and assisting in investigations.

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Sebi allows mutual funds to tie up with banks to rejig exposure

Mutual Fund (MF) houses can now join hands with banks to rejig exposure and throw lifeline to stressed corporates --- albeit with a few conditions.

In the past five years mutual funds have bank rolled several corporates by subscribing to debt instruments like debentures, extended short term finance by investing in commercial papers issued by companies as well as financed holding companies of business houses directly controlled by promoters.

Under the circumstances, banks were often unable to clear loan restructuring proposals as mutual funds could not participate such an exercise in the absence of any clear guideline from the market regulator Sebi.

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SEBI asks MF trustees to stand up for investors’ interests

SEBI Chairman Ajay Tyagi and his team of officials that oversees mutual funds led by one of his four main lieutenants, Madhabi Puri Buch, may be finding themselves in a Catch-22 situation these past few months.

It takes quite a balancing act figuring out the extent to which to regulate, when to intervene and how much to let go, while keeping an eagle’s eye on the goings-on in the debt mutual fund (MF) industry.

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AMFI, Economic Times, Fortune India

Disclaimer – This document is for general information only and does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. Investments in mutual funds and secondary markets inherently involve risks and recipient should consult their legal, tax and financial advisors before investing.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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