L&T MF Announces change in benchmark indices under its schemes
L&T Mutual Fund has announced change in the benchmark index under the following schemes, with effect from 01 December 2019.

Full Article

35% mutual fund equity assets stayed invested for over 2 years: AMFI data
Despite the volatility in the equity market, investors prefer to stay put in the equity mutual fund schemes. Data from the Association of Mutual Funds in India data revealed that 35 percent of the mutual fund industry’s equity assets had stayed invested for more than two years.

Full Article

Mutual fund AUM rises 7.4% to Rs 26.33 lakh crore in October
Mutual funds' asset base increased to Rs 26.33 lakh crore in October-end, a rise of 7.4 percent as compared with the preceding month, on the back of robust inflows in equity and liquid schemes.

Full Article

B30 cities contribute 16% to total MF assets; 64% AUM parked in equity schemes
Beyond 30, or the next 30 locations beyond the top 30 cities, contributed nearly 16 percent to total mutual fund industry assets of Rs 26.14 lakh crore as of October-end. The balance was contributed by T30 cities, or to the top 30 geographical locations in India, according to data from the Association of Mutual Funds in India (AMFI).

Full Article

 

Source: The Economic Times, AMFI, Morningstar

Disclaimer – The article (including market views expressed herein) 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. The data/information used/disclosed in the article is only for information purposes and not guaranteeing / indicating any returns. The article provides general information and comparisons made (if any) are only for illustration purposes. Investments in mutual funds and secondary markets inherently involve risks and recipient should consult their legal, tax and financial advisors before investing. Recipient of this document should understand that statements made herein regarding future prospects may not be realized. Recipient should also understand that any reference to the indices/ sectors/ securities/ schemes etc. in the article is only for illustration purpose and are NOT stock recommendation(s) from the author or L&T Investment Management Limited, the asset management company of L&T Mutual Fund (“the Fund”) or any of its associates. Any performance information shown refers to the past and should not be seen as an indication of future returns. The value of investments and any income from them can go down as well as up. The distribution of the article in certain jurisdictions may be restricted or totally prohibited and accordingly, persons who come into possession of the article are required to inform themselves about, and to observe, any such restrictions.

 

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

CL06714