SIP closures rise 7.4 percent month-on-month in May
The number of systematic investment plan (SIP) accounts being discontinued rose 7.4 per cent month-on-month to 14.19 lakh in May,
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Mutual Fund News
HDFC Mutual Fund launches HDFC Non-Cyclical Consumer Fund
HDFC Mutual Fund has announced the launch of HDFC Non-Cyclical Consumer Fund that intends to invest across India’s consumption categories
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DSP Mutual Fund launches DSP NIFTY IT ETF
DSP Mutual Fund has launched DSP Nifty IT ETF, an open ended scheme replicating/tracking Nifty IT Index. The performance of
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India fund managers buy T-bills, dump bonds as early rate cut chances vanish
Indian mutual funds will swap their government bond holdings for shorter-dated treasury bills since the hawkish commentary from most major
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Mutual Funds’ SIP collection rises 25 per cent to Rs 1.56 lakh crore in FY23
Inflows in the mutual fund industry through systematic investment plans or SIPs reached Rs 1.56 lakh crore in 2022-23, up
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Indian regulator plans to allow mutual funds with performance-based fees
India’s market regulator is planning to permit a new category of mutual fund schemes where asset managers’ charges will partly
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MFs invest Rs. 1.82 trillion in equities in FY23
Mutual funds remained bullish on the Indian equities in 2022-23 and invested Rs 1.82 lakh crore largely due to a
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25 million demat accounts added in FY23
Around 25 million dematerialised (demat) accounts were added in the 2022-23 financial year (FY23), at a monthly average of over
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Sebi approves ASBA like facility for trading in secondary market
Sebi approved a framework for Application Supported by Blocked Amount (ASBA) like facility being made available to investors for secondary
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NSE declares 32 brokers defaulters in 5 years
At total of 32 brokers have been declared defaulters by the NSE during the last five years, the Parliament was
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