Mutual Funds Archives - Page 46 of 55

23 Apr

NEW PRIVATE SUBSCRIBERS UNDER NPS CROSS 12 LAKH DURING 2024-25

MFNewsBrands, Breaking News, Mutual Funds, Opinions, Technology

#NPS12LAKHGrowth New Delhi: The National Pension System (NPS) has achieved significant growth of private sector subscriber enrolment of over 12 lakh during 2024-25, taking total subscriber number to over 165 lakh by March 2025. NPS Vatsalya , a scheme specifically designed for minors, introduced in September 2024 has registered over one lakh subscribers . The Assets Under Management (AUM) for both NPS and Atal Pension Yojana (APY) expanded by 23 percent during 2024-25 to Rs 14.43 lakh crore by end-March 2025.

22 Apr

Overall, direct plan constitutes 47% of the MF industry AUM

MFNewsBreaking News, Business, Mutual Funds, Opinions, Shares, Technology

#DirectInvestininMFindustry Investors Investing in direct Mode with SBI MF, ICICI Pru MF, HDFC MF Mumbai: An analysis of AUM data reveals that SBI MF, ICICI Prudential MF and HDFC MF are the top three fund houses in terms of direct plan AUM. SBI MF commands the highest AUM of Rs. 5.98 lakh crore from direct plans. Direct plans constitute 56% of the fund house’s total AUM. Next is ICICI Prudential MF with the second highest AUM of Rs. 4.22 lakh crore from direct plans, constituting about 48% of the fund house’s AUM. HDFC MF is the third on the list…

22 Apr

MF NFO: SBI Mutual Fund launches Income Plus Arbitrage Active FOF

MFNewsBrands, Breaking News, Business, Mutual Funds, Shares

#NFOSBIMFOF #FIncomePlusArbitrageActiveFOF The New Fund Offer (NFO) opens on April 23, 2025, and closes on April 30, 2025. Chandigarh: SBI Mutual Fund has launched the SBI Income Plus Arbitrage Active Fund of Fund (FOF). This is an open-ended fund that invests in a mix of actively managed debt-oriented and arbitrage mutual fund schemes. The New Fund Offer (NFO) opens on April 23, 2025, and closes on April 30, 2025. The scheme follows a Fund of Fund structure. It will invest in mutual fund schemes of SBI Mutual Fund and/or other mutual funds. The investment objective is to generate regular income and capital…

22 Apr

Gold Price: सोना हुआ 1 लाख रुपए प्रति तोला के पार, समय से पहले भरी उड़ान

MFNewsBreaking News, Business, Mutual Funds, Opinions

#GoldPricealltimeHigh #Goldat1lakhper10gram मुंबई: संभावित अनुमानों को पीछे छोड़ते हुए देश में सोना (Gold) एक लाख रुपए प्रति 10 ग्राम के पार पहुंच गया है। हालांकि, सोने की यह कीमत खरीदारी पर जीएसटी के साथ है। यह सोने की कीमतों का उच्चतम स्तर है। इसके साथ ही सोने की कीमतों को लेकर लगाए जा रहे सारे अनुमान सही साबित हुए हैं। दरअसल, कई नेशनल और इंटरनेशनल एक्सपर्ट्स ने गोल्ड पर एक लाख रुपये का टारगेट प्राइस दिए थे। हालांकि, इसके लिए समय सीमा इस साल के आखिरी तक की बताई थी। लेकिन, सोने ने इससे पहले ही यह जबरदस्त तेजी दिखा दी…

20 Apr

Easy Process: NRIs wanting to invest in Indian Mutual Funds

MFNewsBrands, Breaking News, Mutual Funds, Opinions, Technology

#NRIinvestIndianMutualFunds Mumbai: Mutual Funds provide NRIs with a structured way to invest in India's financial markets, enabling capital growth and diversification. The Indian mutual fund industry's AUM has more than doubled in five years. NRIs need to complete KYC and choose the right bank account for investment. As India takes giant strides on the path to development and gets set to meet its target of a $5 trillion economy, the prospect of participating in its financial markets is an opportunity for wealth creation for Indians residing in the country and those settled overseas. Towards this, Mutual Funds offer a structured…

19 Apr

Jio Financial Services Limited AUM crosses Rs. 10,000 crore, FY25 PPoP at Rs. 1,594 crore

MFNewsBusiness, Mutual Funds, Opinions, Shares, Technology

#JioJFSLAUMcrossesRs10000crore Mumbai: The Board of Directors of Jio Financial Services Limited (“JFSL”), at its meeting held in Mumbai today, approved the audited ﬁnancial results for the fourth quarter and ﬁnancial year ended March 31, 2025. Consolidated ﬁnancial highlights for the ﬁnancial year ended March 31, 2025, were as follows: ● Assets under Management (AUM) of Jio Finance Ltd. (JFSL’s NBFC subsidiary) stood at Rs. 10,053 crore as of March 31, 2025, up from Rs. 173 crore as of March 31, 2024, and Rs. 4,199 crore as of December 31, 2024. ● Income from Business Operations stood at Rs. 349 crore.…

19 Apr

KFintech to acquire Ascent Fund Services to expand into fast growing Global Fund Administration market

MFNewsBrands, Breaking News, Business, Mutual Funds, Opinions, Shares, Technology

#KFintechAscentFundServices Chandigarh: KFin Technologies Limited ("KFintech”), a leading provider of investor and issuer solutions to global asset managers, has entered into a definitive agreement with Ascent Fund Services Pte. Ltd (“Ascent”) to acquire controlling stake of 51% for US$ 34.7 million, with a path to 100% ownership over the next five years. Post this transaction, KFintech will become the sole promoter of Ascent, and the residual 49% stake will be acquired in three equal tranches of 16.33% each after the end of fiscal year 2028, 2029, and 2030 respectively. The transaction is subject to customary regulatory approvals. Headquartered in Singapore,…

19 Apr

Groww contributed by 40% to NSE’s 84 Lakh New Accounts in FY25

MFNewsBreaking News, Business, Mutual Funds, Shares, Technology

#GrowwNSE ~Groww emerges as India’s fastest-growing brokerage platform, leading in active client growth and market share gains~ Chandigarh: India’s investing landscape continues to evolve rapidly, with FY25 witnessing the addition of over 84 lakh new active demat accounts on the National Stock Exchange (NSE), reflecting an annual growth of 20.5%. The total number of active demat accounts stands at 4.92 crore. At the forefront of this shift is Groww, which alone accounted for over 40% of these net additions – reinforcing its position as the country’s fastest-growing brokerage platform. As per NSE data, Groww’s active client base surged from 95…

18 Apr

SEBI is looking to ease AMC’s business activity restrictions, streamline MF scheme categorisation

MFNewsBreaking News, Business, Mutual Funds, Opinions, Technology

#SEBIAMCMFschemecategorisation Overhaul of mutual fund regulations, possible relaxations are in process Mumbai: The Securities and Exchange Board of India (SEBI) is working on a review of mutual fund (MF) regulations, including possible relaxations on clause 24 (b) restrictions on business activities, the scheme categorisation framework, and other recent operational changes, said Executive Director Manoj Kumar. Speaking at the CII’s 18th Mutual Fund Summit 2025, Kumar said, “We are doing a significant review of regulation 24. Those who are familiar with the regulation may recall that this is the only respective clause of the entire mutual fund regulation. We are also…

16 Apr

Axis Mutual Fund joins ONDC Network to Expand Access to Mutual Fund Investments

MFNewsBrands, Breaking News, Mutual Funds, Opinions, Technology

#AxisMutualFundONDCNetwork Chandigarh: Axis Mutual Fund, one of India's leading asset management companies, has now joined Open Network for Digital Commerce (ONDC) Network to facilitate transactions in Axis Mutual Fund Schemes through this network. ONDC is an initiative by DPIIT, Ministry of Commerce aimed at democratising digital commerce by establishing an interoperable open network for digital transactions.. This integration marks a significant step toward making mutual fund investments in its schemes more accessible, affordable, and inclusive, particularly for investors of Axis MF in underserved markets. By integrating with this open network, Axis Mutual Fund aims to empower its investors—to easily access…