by AIP Online Bureau | Aug 9, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
”The surge in retail investors’ interest in mutual funds has translated into impressive inflow across scheme categories. The star performer this month has been SIP, with an impressive over 33 lakh new SIP accounts registered and a record Rs 15,215 crore of...
by AIP Online Bureau | May 3, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Going by the data, the contribution of small towns or B30 cities to mutual fund industry’s assets under management of over Rs 40 lakh crore stood at 17 per cent as of March-end. Moreover, B30 (beyond top 30 cities) tend towards equity assets with 79 per cent of...
by AIP Online Bureau | Apr 19, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
”SIP inflows for FY23 stood at Rs 1.56 lakh crore, a growth of 25.2 per cent on a year-on-year basis, with the highest-ever inflow in March at Rs 14,276 crore. With benchmark indices remaining volatile and flat for the year, investors choose mutual funds as the...
by AIP Online Bureau | Mar 1, 2023 | Indian News, Regulation, Wealth Management/ Philanthropy
Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv, said, the approval from SEBI is strategically important for the company as it enables the firm to complete its suite of financial solutions for retail customers Mumbai: Financial services firm Bajaj...
by AIP Online Bureau | Dec 10, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy
”We want the government to allow the mutual fund industry to manage funds of pension, provident and insurance firms. This will help the MF industry ensure greater efficiency in managing the resources in a cost-effective manner. The industry can achieve the...
