MF industry assets grow 35% in FY24
The mutual fund industry’s assets under management grew by 35% in FY24, recording the highest gain since fiscal FY21 when
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Mutual Fund News
Shares given as gift may escape capital gains tax
If shares are transferred as a gift, there may not be capital gains tax on them, provided a recent Bombay
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Bandhan Mutual Fund files draft document for Nifty 500 Value 50 Index Fund
Bandhan Mutual Fund has filed a draft document with Sebi for Nifty 500 Value 50 Index Fund. Bandhan Nifty 500
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Mutual funds collection through NFOs up 6.5% at Rs 66,364 crore in FY24
Asset management companies (AMCs) floated 185 new fund offerings mobilising Rs 66,364 crore in 2023-24, marking a 6.5 per cent
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Mutual Funds SIP investments rise to Rs 2 lakh core in FY24
Buoyant economic outlook and increased market participation helped drive the inflows in the mutual fund industry through systematic investment plans
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Kotak Mutual Fund files draft document with Sebi for special opportunities fund
Kotak Mutual Fund has filed a draft document with Sebi for a special opportunities fund. Kotak Special Opportunities Fund will
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Hybrid mutual funds stage comeback; see Rs 1.45 lakh crore inflows driven by arbitrage investments
Hybrid mutual fund schemes have seen a resurgence in 2023-24, garnering Rs 1.45 lakh crore in investments, driven by substantial
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HDFC Mutual Fund launches HDFC Manufacturing Fund
HDFC Mutual Fund has announced the launch of HDFC Manufacturing Fund, an open-ended equity scheme aiming to unlock the potential
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Sebi asks mutual funds to stop fresh subscriptions in overseas ETFs from April
As the $1 billion investment limit is about to get breached, markets regulator Sebi has told asset management companies (AMCs)
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As $1b limit nears, MFs told to suspend overseas ETF inflows
India’s capital markets regulator has ordered local mutual fund managers to stop accepting money in plans that invest in overseas
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