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India Gazette
26-05-2025
- India Gazette
UP: Devotees take holy dip in Ganga on Somvati Amavasya in Haridwar
Haridwar (Uttarakhand) [India], May 26 (ANI): Thousands of devotees converged in Haridwar early Monday morning to take a holy dip in the river Ganga on the occasion of Somvati Amavasya. Somvati Amavasya holds a special significance in Hinduism, wherein devotees perform bathing, charity, worship, and rituals for their ancestors. It is believed that bathing in holy rivers and doing charity on this day lead to the attainment of merit. Pilgrims from various parts of the country gathered at the ghats to perform these sacred practices, driven by the belief that such acts bring blessings, prosperity, and divine grace. Ashwini Kumar, who has come from Delhi to take a holy dip in the river Ganga, said, 'We keep coming here, and at least when we do, we take a bath two or three times. It feels very good; it feels very religious, and there is some kind of atmosphere.' Umesh Kaushik, who hails from Haryana, is visiting Haridwar with his friends. 'We have come here to bathe in the Ganga on Somvati Amavasya, and this is a very good, auspicious Nakshatra. Which we have had the opportunity to bathe in. By bathing in the Ganges. This is a very auspicious moment for us that we have come to bathe in the Ganges today.' Somvati Amavasya is dedicated to worshipping ancestors or forefathers, and hence, people are advised to use it to get rid of 'Pitru Dosha'. On this day, people go for a holy dip in holy rivers and perform rituals like havan and yajna, charity, feeding animals, and reciting mantras. Rama Padmani, from Gujarat's Surat, said that she prayed for the betterment of all Indians on this occasion. 'I have come from Surat, Gujarat, and today is Somvati Amavasya.' We came here to Haridwar and took a bath. We are feeling very good about Aarti and the aura here is different, and the mind is calm. Everyone enjoyed it very much. Ganga benefits everyone. We have asked for the welfare of all Indians.' An Amavasya falling on Mondays has a special significance and hence is being celebrated as Somvati Amavasya to honour ancestors. (ANI)
Indian Express
09-05-2025
- Business
- Indian Express
Inflows into equity mutual funds decline 3.2% in April: AMFI
Inflows into equity mutual fund declined 3.2 per cent on a month-on-month basis to Rs 24,269.26 crore in the April, compared to Rs 25,082.01 crore in the previous month, the latest data from the Association of Mutual Funds in India (AMFI) showed. During the reporting month, inflows through systematic investment plan (SIP) touched a record high of Rs 26,631.88 crore. Net assets under management (AUM) of the mutual fund industry grew 6.4 per cent to Rs 69.99 lakh crore, as against Rs 65.74 lakh crore in March 2025. Retail AUM (equity + hybrid + solution oriented schemes) stood at Rs 40.29 lakh crore. 'The rising geopolitical tensions and caution ahead of the US Federal Reserve's policy decision kept investors on edge,' said Ashwini Kumar, Senior Vice President and Head Market Data, ICRA Analytics. Within equity mutual fund schemes, inflows into midcap funds fell 3.63 per cent to Rs 3,313.98 crore in February, compared to Rs 3,438.87 crore in the previous month. Small cap funds also witnessed a 2.25 per cent drop in net inflows at Rs 3,999.95 crore in April, as against Rs 4,092.12 crore in March. Inflows into large cap funds rose 7.75 per cent to Rs 2,671.46 crore in the reporting month, compared to flows of Rs 2,479.31 crore in March. Sectoral/thematic funds saw inflows of Rs 2,000.95 crore, compared to inflows of Rs 170.09 crore in March. Debt mutual fund schemes witnessed inflows of Rs 2.19 lakh crore, compared to outflows of Rs 2.02 lakh crore in March. Inflows into liquid funds stood at Rs 1.18 lakh crore, while money market funds saw flows of Rs 31,507.04 crore. Overnight funds witnessed Rs 23,899.98 crore of inflows in April. 'Fixed income category saw a large inflow. Many institutional investors who redeem due to year end, invested back in categories like liquid, ultra-short term,' said Manish Mehta, National Head – Sales, Marketing & Digital Business, Kotak Mahindra AMC. Net inflows into hybrid funds stood at Rs 14,247.55 crore, compared to outflows of Rs 946.56 crore in March. The gold exchange traded fund (ETF) schemes saw Rs 5.82 crore worth of outflows. The number of new SIPs registered in April stood at 46.01 lakh, while the SIP AUM stood at Rs 13.89 lakh crore. The number of contributing SIP accounts stood at 8.38 crore. In April, mutual fund folios were at 23.62 crore and retail MF Folios (equity + hybrid + solution oriented schemes) were 18.71 crore.
Time of India
25-04-2025
- Business
- Time of India
Geopolitical tensions, trade war fear drove mutual fund redemptions higher: ICRA Analytics
Live Events ET Online Source: MFI360Explorer Escalating geopolitical tensions and global trade war concerns have led to a surge in redemptions from equity mutual funds . Redemptions have increased by nearly 71% in the last five years at Rs 31,444 crore in March 2025 as compared to Rs 18,386 crore in March inflows into these funds have increased by nearly 114% since March 2020 to touch Rs 25,082 crore in March 2025 indicating the resilience and growing confidence of investors in the Indian mutual fund market, ICRA Analytics Read | Despite Friday's crash, Sensex is up over 5,000 points from April's low. Time to reconsider your SIP strategy? On a year-on-year basis, mutual fund redemptions have increased by 4.5% from Rs 30,088 crore in March 2024, while inflows have grown by 10.82% from Rs 22,633 crore in March 2024.'Escalating geopolitical tensions and global trade war concerns on worries that higher tariffs may be levied by the new U.S. administration, coupled with the volatility in the domestic equity market, have made investors slightly cautious. Market participants are a little uncertain as to how the turbulence caused due to tariff imposition by the new U.S. government will evolve,' said Ashwini Kumar, Senior Vice President and Head Market Data, ICRA Analytics'Foreign Institutional Investors have turned net sellers in the equity segment. Moreover, concerns that a global trade war may hit corporate earnings have led to a sharp decline in investor sentiment . All these have contributed to the surge in redemption from equity mutual funds,' he also remained wary that global crude oil prices may go up due to U.S. sanctions on Iran and tighter supply from OPEC+ producer group. Increase in global crude oil prices is credit negative for the Indian economy as the country imports more than 80 per cent of the oil the volatility, it is crucial that investors avoid panic selling and look at diversifying across different asset classes and sectors to help mitigate risks and reduce the impact of a downturn in any single investment.'Market downturns may be considered as an opportunity, and staying invested will result in increased accumulation of mutual fund units, which will benefit the investor once the market recovers in the long run. Regular investments through SIPs can help average out the purchase cost of mutual fund units over time, reducing the impact of market volatility,' Ashwini Kumar Read | Mutual funds best choice for retail investment but avoid thematic funds: BSE chief The steady rise in SIP contributions, even amid market volatility, highlights investors' growing confidence and commitment to long-term wealth creation. This trend shows their resilience in facing market fluctuations and their determination to stay focused on their financial objectives, he added.
Economic Times
25-04-2025
- Business
- Economic Times
Geopolitical tensions, trade war fear drove mutual fund redemptions higher: ICRA Analytics
On a year-on-year basis, mutual fund redemptions have increased by 4.5% from Rs 30,088 crore in March 2024, while inflows have grown by 10.82% from Rs 22,633 crore in March 2024. Escalating geopolitical tensions and global trade war concerns have led to a surge in redemptions from equity mutual funds. Redemptions have increased by nearly 71% in the last five years at Rs 31,444 crore in March 2025 as compared to Rs 18,386 crore in March 2020. However, inflows into these funds have increased by nearly 114% since March 2020 to touch Rs 25,082 crore in March 2025 indicating the resilience and growing confidence of investors in the Indian mutual fund market, ICRA Analytics said. Also Read | Despite Friday's crash, Sensex is up over 5,000 points from April's low. Time to reconsider your SIP strategy? On a year-on-year basis, mutual fund redemptions have increased by 4.5% from Rs 30,088 crore in March 2024, while inflows have grown by 10.82% from Rs 22,633 crore in March 2024.'Escalating geopolitical tensions and global trade war concerns on worries that higher tariffs may be levied by the new U.S. administration, coupled with the volatility in the domestic equity market, have made investors slightly cautious. Market participants are a little uncertain as to how the turbulence caused due to tariff imposition by the new U.S. government will evolve,' said Ashwini Kumar, Senior Vice President and Head Market Data, ICRA Analytics 'Foreign Institutional Investors have turned net sellers in the equity segment. Moreover, concerns that a global trade war may hit corporate earnings have led to a sharp decline in investor sentiment. All these have contributed to the surge in redemption from equity mutual funds,' he also remained wary that global crude oil prices may go up due to U.S. sanctions on Iran and tighter supply from OPEC+ producer group. Increase in global crude oil prices is credit negative for the Indian economy as the country imports more than 80 per cent of the oil the volatility, it is crucial that investors avoid panic selling and look at diversifying across different asset classes and sectors to help mitigate risks and reduce the impact of a downturn in any single investment. 'Market downturns may be considered as an opportunity, and staying invested will result in increased accumulation of mutual fund units, which will benefit the investor once the market recovers in the long run. Regular investments through SIPs can help average out the purchase cost of mutual fund units over time, reducing the impact of market volatility,' Ashwini Kumar mentioned. Also Read | Mutual funds best choice for retail investment but avoid thematic funds: BSE chief The steady rise in SIP contributions, even amid market volatility, highlights investors' growing confidence and commitment to long-term wealth creation. This trend shows their resilience in facing market fluctuations and their determination to stay focused on their financial objectives, he added.
