Latest news with #AssociationofMutualFundsinIndia
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.
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.
Time of India
23-05-2025
- Business
- Time of India
Indian mutual fund industry's AUM crosses Rs 70 trillion milestone: ICRA Analytics
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The assets under management AUM ) of the Indian mutual fund industry grew by 22.25% YoY in March 2025 to reach the Rs 70 trillion AUM of open-ended 'other schemes' witnessed the highest YoY growth of 23.80% in April 2025, followed closely by open-ended equity schemes (23.57%) and hybrid schemes (20.74%). 'Other schemes' comprise index funds ETFs and FoF investing overseas, according to data from the Association of Mutual Funds in India ( AMFI ).Within index funds and ETF space, Gold ETF schemes grew 87.33% YoY in April 2025 to Rs 61,422 crore, followed by a modest 31% growth in index funds over the same period to Rs 2,92,206 crore, according to a release by ICRA AnalyticsIn the equity category, AUM of sectoral/thematic funds witnessed the highest YoY growth of 49.94% followed by multi cap funds which grew 35.79%. In the debt segment, AUM of the long duration scheme category rose 58.14% YoY, followed by money market (44.79%) and ultra short duration (32.78%) number of folios grew 30.21% YoY as of April 2025. This growth was primarily driven by 'other schemes' for which folios increased 45.94%, while those of equity schemes rose by 31.39%. Meanwhile, folio count for debt-oriented schemes declined by 1.15% over the reciprocal tariffs imposed by the U.S. President, coupled with geo-political tensions between India and Pakistan following the Pahalgam terror incident, kept investors on tenterhooks. However, domestic mutual fund investors continued to show confidence and remained steady, the release 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 witnessing a sequential drop of nearly 14% in equity fund inflows in March 2025, the category narrowed the fall to a MoM decline of 3.24% in April 2025. However, on a YoY basis, the inflow rose 28.29% during the same 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 total number of outstanding SIP accounts grew 5% YoY to 914.41 lakhs in April 2025 from 870.11 lakh a year ago. The number of SIP accounts contributed rose by 31%, reaching Rs 838.25 lakh in April SIP contributions grew by 31% YoY to Rs 26,632 crores in April 2025 from Rs 20,371 crores in April 2024, and increased by 2.72% MoM. SIP AUM grew 23% YoY and 4% MoM in April 2025. SIP AUM as a percentage of month end AUM stood at 19.85% in April 2025 as compared to 19.67% in April 2024.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Business Standard
21-05-2025
- Business
- Business Standard
Retail MF investors' patience is helping provide risk capital to India Inc
Ideally, equity portfolios should be diversified and held over the long term to capture growth trends across the corporate landscape and to allow for compounding effects Business Standard Editorial Comment Mumbai Listen to This Article The latest Annual Report of the Association of Mutual Funds in India (Amfi) indicates that household investors are rapidly adopting mutual funds (MFs). More retail investors are investing through MFs and they are investing in a disciplined, staggered fashion by using systematic investment plans (SIPs). They are also holding their portfolios longer. All this augurs well for the Indian economy, as well as for the prospects of household wealth creation. As household funds move into equity assets, new businesses receive easier access to capital, which will help boost entrepreneurship. Since fund allocation is done by professionals, there is less risk
