AMFI puts 13 proposals from mutual fund industry for Union Budget 2025
The Association of Mutual Funds (AMFI) has released a document with 13 proposals from the mutual fund industry to the finance ministry for the upcoming Union Budget 2025.
The Association of Mutual Funds (AMFI) has released a document with 13 proposals from the mutual fund industry to the finance ministry for the upcoming Union Budget 2025.
Driven by investments in liquid schemes, the debt-oriented mutual funds witnessed a strong recovery in October attracting a net inflow of Rs 1.57 trillion after huge redemptions in the previous month.
It included 21 domestic mutual funds through a total of 83 schemes (34.42 per cent of the total allocation to anchor investors).
F&O trades and mutual funds are reportedly the focal point of the Securities and Exchange Board of India (SEBI) board meeting being held on Monday.
Equity funds saw Rs 38,239 crore inflows in August, a 3.03 per cent growth from Rs 37,113 crore witnessed in July.
Historical data suggests that the Systematic Investment Plan (SIP) which has delivered comparatively lower returns in the initial 5 years, has delivered a better return on 10 years basis on an average, as per a study, conducted by WhiteOak Capital Mutual Fund.
The six schemes together had an estimated Rs 25,000 crore as AUM.
The company had shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market.
Debt schemes folios count went up by 2.23 lakh to 75.25 lakh. Barring, long duration, credit risk, all categories in debt funds witnessed growth in folios.
On April 23, Franklin Templeton shook the investors by closing its six debt mutual fund schemes, citing redemption pressure and lack of liquidity in the bond market.
