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Time of India
2 days ago
- Business
- Time of India
Gold ETF AUM rise in Gujarat over soaring prices, low jewellery demand
Ahmedabad: Physical gold demand took a backseat over the past 3-4 months due to soaring international prices and subdued jewellery demand. As a result, investors in Gujarat are increasingly turning to digital gold. This shift has pushed the state's Gold Exchange-Traded Fund (ETF) assets under management (AUM) up by over 27% in the first four months of 2025. Data from the Association of Mutual Funds in India (AMFI) revealed that Gold ETF AUM in Gujarat grew from Rs 681.53 crore on Jan 1 to Rs 867.49 crore on April 30. The increase was steady month-on-month, with April alone seeing a jump in AUM to Rs 867.49 crore, from Rs 828.51 crore in March. According to industry experts, gold is certainly becoming an important asset class in investor portfolios given its gains over the past few years. "In merely five years, the returns on gold doubled, as a result of which many investors are turning to the digital form of the yellow metal, which enables them the flexible option of low-cost investment without having to worry about safety," said a city-based financial advisor. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo Gold prices in the Ahmedabad market settled at Rs 99,500 per 10g on Monday. Bullion industry players attribute this rise to a growing investor preference for gold as a financial asset rather than an ornamental one. Haresh Acharya, director, India Bullion and Jewellers' Association (IBJA), said, "Ongoing geopolitical tensions have driven gold and silver prices sharply upward, prompting a clear shift in investor behaviour. With gold prices consistently hovering above $3,300 per ounce, traditional retail demand has softened. More investors are now opting for Gold ETFs as the digital route offers ease of transaction, need for less compliance, and easy liquidity. The market is moving in tandem with global cues, and this trend is likely to continue as long as price volatility persists." Gold ETFs, which offer transparency, liquidity, and no storage hassles, have gained traction among urban investors, particularly in Gujarat's major cities such as Ahmedabad, Surat, and Rajkot. Market participants note that ETFs allow retail and institutional investors to take exposure to gold price movement without the need to deal with making charges or purity concerns. (GFX sent to designers) Box: Gold ETF Demand Month AUM (in Rs cr) % Change Dec (2024) 681.53 0.89 Jan (2025) 741.14 8.75 Feb 784.07 5.79 Mar 828.51 5.67 Apr 867.49 4.70 Source: AMFI
Time of India
2 days ago
- Business
- Time of India
Bengal records 18% jump in mutual fund AAUM from April 2024-25
1 2 Kolkata: Bengal has recorded an 18% year-on-year jump in mutual fund average asset under management (AAUM) in April. The state's AAUM has gone up from Rs 2.9 lakh crore in April 2024 to Rs 3.4 lakh crore in April 2025, according to an analysis by Motilal Oswal Asset Management Company. According to the Association of Mutual Funds in India (AMFI) data, approximately 63% of the Assets Under Management (AAUM) in the state was contributed by equity-oriented schemes in April. The AAUM of equity schemes in Bengal has increased by 22% from Rs 1.7 lakh crore in April 2024 to over Rs 2 lakh crore in the same month this year. Akhil Chaturvedi, CBO and ED, Motilal Oswal Asset Management Company, said, "The consistent year-on-year increase in Bengal's mutual fund AAUM, especially the notable rise in equity-focused schemes, reflects the state's evolving investment landscape. Looking ahead to 2026, we will continue to explore opportunities to launch new funds across both active and passive categories to meet evolving investor needs. " The company's analysis takes into account the AAUM of seven mutual fund categories, including liquid schemes, other debt-oriented schemes, growth/equity-oriented schemes, balanced schemes, funds of funds investing overseas, gold exchange-traded funds, and other exchange-traded funds.
Time of India
3 days ago
- Business
- Time of India
Bank investments in MFs soar 91% in FY25 amid subdued lending, surplus liquidity
Chalasani of AMFI expects banks' MF investment interest to be strong as the central bank has changed its liquidity stance from neutral to accommodative, leaving scope for sustained surplus liquidity. Banks' mutual fund investments jumped 91% year on year to Rs 1,19,863 crore as on March 21, 2025, from Rs 62,499 crore on March 22, 2024, data from the Reserve Bank of India (RBI) bulletin showed. Banks' MF investments had grown 28% in the previous year. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Amid subdued lending and surplus liquidity, banks are earning relatively attractive returns from an untraditional source—mutual funds. Bank s' mutual fund investments jumped 91% year on year to Rs 1,19,863 crore as on March 21, 2025, from Rs 62,499 crore on March 22, 2024, data from the Reserve Bank of India (RBI) bulletin showed. Banks' MF investments had grown 28% in the previous non-SLR (statutory liquidity ratio) investments are remunerative treasury operations that banks engage in with surplus funds in the absence of attractive lending opportunities.'Besides suboptimal credit growth, bank investments in mutual funds schemes have gone up due to surplus liquidity conditions, favourable market conditions and relatively faster execution' explained Vinod A N, general manager and treasury head at South Indian Bank Venkat N Chalasani, CEO of Association of Mutual Funds in India (AMFI) and a former State Bank of India deputy managing director, said, 'Most of these investments are in liquid and money market schemes, which is also reflected in the overall mutual fund investment numbers where investments are in zero risk short-term debt instruments such as treasury bills where returns are comparably higher.'AMFI data for MF assets under management (AUM) in March 2025 shows that over 40 % of the funds are parked in liquid schemes. The returns on such investments can go up as high as 7%, while comparable treasury bill yield is around 5.9%Deploying surplus liquidity in MFs for a short-term period helps banks in asset liability management—to execute a bullish interest rate view and higher yield with the benefit of diversification without sacrificing the quality, exports said.'Unlocking of liquidity is relatively better in the form of MF redemption when compared to direct investments,' Vinod MF investments are expected to remain positive in 2025-26, depending on multiple variables like liquidity, interest rate view, credit growth, etc. 'However, repeating the sharp jump (of FY25) is a tall task,' Vinod said. 'I expect moderate growth in MF investment for the rest of FY26.'Chalasani of AMFI expects banks' MF investment interest to be strong as the central bank has changed its liquidity stance from neutral to accommodative, leaving scope for sustained surplus of the restrictive factors, however, is higher risk weights on these investments for banks which is linked to the quarter end investment positions. Hence, a longer trend of bank investments in MFs show a significant amount of pull-outs during the quarter ending period.
Mint
24-05-2025
- Business
- Mint
Stock market this week: Top gainers and losers that flipped fortunes in five trading days
Debt mutual funds experienced a robust 20.5% surge in their assets under management (AUM) during the financial year 2024–25 (FY25), signaling renewed investor confidence in fixed-income instruments amid evolving macroeconomic conditions. According to data released by the Association of Mutual Funds in India (AMFI), the AUM of debt-oriented schemes expanded significantly, rising from ₹ 12.62 lakh crore in March 2024 to ₹ 15.21 lakh crore by the end of March 2025. Additionally, with the Reserve Bank of India maintaining a relatively stable monetary policy stance through much of the year, longer-duration debt instruments became more attractive, leading to higher inflows into categories like corporate bond funds, gilt funds, and banking & PSU debt funds. Retail participation has also risen, supported by greater financial awareness and the convenience of digital platforms making debt fund investments more accessible. The initial public offerings (IPOs) of Borana Weaves and Belrise Industries witnessed an overwhelming investor response, underscoring the strong momentum in India's primary markets and growing investor appetite for new listings. Borana Weaves' IPO was oversubscribed by a staggering 147.85 times, reflecting exceptional interest from all investor segments, including retail investors, high-net-worth individuals (HNIs), and qualified institutional buyers (QIBs). This level of oversubscription indicates immense confidence in the company's business model, financial health, and future growth prospects, particularly in the textile sector, which is benefiting from rising export demand and government support for manufacturing. The massive subscription numbers also suggest that the issue was attractively priced and backed by a compelling investment narrative. Several leading asset management companies (AMCs) have recently launched New Fund Offers (NFOs), reflecting the evolving preferences of Indian investors and a growing demand for diversified and thematic investment options. Canara Robeco AMC has introduced the Canara Robeco Multi Asset Allocation Growth Direct Plan, aiming to provide investors with exposure across equity, debt, and commodities for balanced risk and return. Baroda AMC, in collaboration with BNP Paribas, has launched the Baroda BNP Paribas Multi Asset Active FoF Growth Direct Plan, another fund-of-funds structure targeting asset diversification. SBI AMC and ICICI AMC have both unveiled offerings tracking the Nifty200 Quality 30 Index through their SBI Nifty200 Quality 30 Index Growth Direct Plan and ICICI Prudential Nifty200 Quality 30 Index Growth Direct Plan respectively, appealing to investors seeking quality-focused portfolios within a passive structure. Motilal Oswal AMC's Services Growth Direct Plan provides sector-specific exposure, focusing on India's expanding services industry. Nippon India AMC's BSE Sensex Next 30 Index Growth Direct Plan targets the next-tier large-cap stocks, potentially offering growth beyond traditional Sensex constituents. Union AMC has introduced the Union Income Plus Arbitrage Active FoF Growth Direct Plan, catering to conservative investors looking for stable returns through arbitrage strategies. Lastly, Unifi AMC's Flexi Cap Growth Direct Plan offers flexibility in market capitalization, aiming to capture value across segments. These NFOs reflect the increasing innovation and customization in India's mutual fund industry. Index Returns Best Performers Worst Performers Bought and Sold Most Watchlisted Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.
United News of India
23-05-2025
- Business
- United News of India
Indian mutual fund industry's AUM crosses Rs 70 trillion milestone: ICRA Analytics
Kolkata, May 23 (UNI) Data from the Association of Mutual Funds in India (AMFI) showed that the assets under management (AUM) of the Indian mutual fund industry grew by 22.25 per cent YoY in March 2025 to reach the Rs 70 trillion mark. The AUM of open-ended 'other schemes' witnessed the highest YoY growth of 23.80 pc in April 2025, followed closely by open-ended equity schemes (23.57 pc) and hybrid schemes (20.74 pc). 'Other schemes' comprise index funds, ETFs and FoF investing overseas, the data said on Friday. Within index funds and ETF space, Gold ETF schemes grew 87.33 pc YoY in April 2025 to Rs. 61,422 crore, followed by a modest 31 pc growth in index funds over the same period to Rs. 2,92,206 crore. In the equity category, AUM of Sectoral/Thematic Funds witnessed the highest YoY growth of 49.94 pc followed by Multi Cap Funds which grew 35.79 pc. In the debt segment, the AUM of Long Duration scheme category rose 58.14 pc YoY, followed by Money Market (44.79 pc) and Ultra Short Duration (32.78 pc) categories. The number of folios grew 30.21 pc YoY as of April 2025. This growth was primarily driven by 'other schemes' for which folios increased 45.94 pc, while those of equity schemes rose by 31.39 pc. Meanwhile, folio count for debt-oriented schemes declined by 1.15 pc over the year. The reciprocal tariffs imposed by the US. President, coupled with geo-political tensions between India and Pakistan following the Pahalgam terror incident, kept investors on tenterhooks, the report said. However, domestic mutual fund investors continued to show confidence and remained steady. Data from AMFI showed that inflows into equity mutual funds amounted to Rs. 24,269.26 crore. While this was a 12-month low, reflecting investor caution amid market volatility, it also marked the 50th consecutive month of positive inflows in the equity segment since March 2021 – highlighting growing investor maturity and discipline. After witnessing a sequential drop of nearly 14 pc in equity fund inflows in March 2025, the category narrowed the fall to a MoM decline of 3.24 pc in April 2025. However, on a YoY basis, the inflow rose 28.29 pc during the same period. The Domestic ETFs (excluding Gold ETFs) continued gaining prominence with net inflows hitting an all-time high of Rs. 19,057 crore in April 2025. This underscores a shifting investor preference toward low-risk passive investment amid global and domestic uncertainty. The total number of outstanding SIP accounts grew 5 pc YoY to 914.41 lakhs in April 2025 from 870.11 lakh a year ago. The number of SIP accounts contributed rose by 31 pc, reaching Rs 838.25 lakh in April 2025. SIP contributions grew by 31 pc YoY to Rs. 26,632 crores in April 2025 from Rs. 20,371 crores in April 2024, and increased by 2.72 pc MoM. SIP AUM grew 23 pc YoY and 4 pc MoM in April 2025. SIP AUM as a percentage of Month End AUM stood at 19.85 pc in Apr 2025 as compared to 19.67 pc in April 2024. UNI PC PRS
