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.
The regulator observed that the SBI had, in June 2018, intimated the SEBI that it holds 18.24 per cent of equity shares of UTI Asset Management Company and sought time of more than three years for exiting the investment.
Franklin India Low Duration Fund and Franklin India Credit Risk Fund now have an outstanding borrowing of only 1 per cent and 4 per cent of their AUM respectively.
The amount will soon be distributed among the unit-holders of the concerned segregated portfolio.
The 20-member advisory committee on mutual funds is headed Usha Thorat, former deputy governor of Reserve Bank of India (RBI), a latest Sebi update showed.
The fund house said that Johnson’s remarks, made during their quarterly earnings, were quoted ‘out of context.
