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Time of India
6 days ago
- Business
- Time of India
Ownership of domestic mutual funds in all-listed universe scale record high to over 10% in FY25: NSE Pulse Report
The ownership of domestic mutual funds in the all-listed universe have scaled a record high of 10.4% in FY25, marking the first double-digit reading and outpacing individual investor share for the first time, according to the NSE Pulse Report . Individuals as direct and indirect (via mutual funds) investors today own a record-high of 18.2% of the total market cap, unchanged from the previous quarter (Rs74.5 lakh crore; 5Y/10Y CAGR: +35.7%/16.9%), outpacing the share of FPIs in FY25 for the first time since 2006. Since June 2021, with a strong resurgence in SIP-led inflows, DMF ownership in NSE-listed companies has climbed steadily, reaching all-time highs. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Also Read | New investors' dilemma: Is flexi cap fund alone sufficient to deploy Rs 10 lakh for meeting goals Passive holdings by DMFs through ETFs and index funds in NSE-listed companies have surged in recent years. The AUM of passive funds grew at a robust CAGR of 59% over the past decade, substantially outpacing the 24% annualized growth of actively managed equity funds, driven by a low starting base and rising retail participation in passive strategies. Live Events In Q4FY25, passive funds' AUM rose 1.9% QoQ to Rs 8.2 lakh crore, recovering from a marginal decline in the previous quarter, but grew by a robust 25.8% in the whole of FY25. In contrast, actively managed equity fund AUM declined 3.4% QoQ to Rs 34.2 lakh crore in the March quarter, though it still posted a healthy 23.6% increase over FY25. As a result, the share of passive funds in total equity-oriented mutual fund AUM climbed 72 bps QoQ to a record high of 20.8% as of March 2025. Of the 10.4% of NSE-listed market capitalization held by DMFs, passive funds' share rose 16 bps QoQ to a new peak of 2.0%—breaking out of the 1.7 -- 1.8% range seen over the past eight quarters. Active fund ownership also increased by 25 bps to a record 8.4%. In terms of free-float market capitalization, passive funds' share rose 30 bps QoQ to an all-time high of 4.0%, while active funds' share increased for the seventh consecutive quarter, up 42 bps to 16.8%. Passive mutual funds AUM, across equity, debt, gold, silver, and others, reached an all-time high of Rs 11.6 lakh crore in April 2025 compared to Rs 11.1 lakh crore in March 2025, registering a strong 21.8% YoY/3.8% MoM expansion. Among passive categories, income/debt-oriented index funds, specifically Target Maturity Index Funds (TMIFs), recorded the highest sequential growth of 9.3%, with AUM rising from Rs 96,025 crore in March 2025 to over Rs 1 lakh crore in April 2025. This was followed by Gold ETF, which registered a 6.2% increase in AUM, primarily driven by mark-to-market gains, more than making up for reduced net investments. After a steady decline over the previous three months, the mutual fund industry's AAUM rose by a strong 22.2% YoY/4.2% MoM to an all-time high of Rs 69.5 lakh crore in April 2025. Strong rebound in equity markets, following the de-escalation of tariff uncertainty in the second half of the month, coupled with continued inflows into mutual funds via the SIP route, were some of the factors that contributed to the increase. In terms of fund flows, mutual funds witnessed a sharp reversal in April 2025, with net inflows turning positive at Rs 2.8 lakh crore, compared to a net outflow of Rs 1.6 lakh crore in March 2025. In terms of scheme composition, the total number of mutual fund schemes declined for the first time in 22 months, edging down from 1,760 in March 2025 to 1,758 in April 2025. Of the total, 1,656 were open-ended schemes, 98 were closed-ended, and 4 were interval schemes. Close-ended schemes exhibited a marginal increase of 1% from 26,459 crore in March 2025 to Rs 26,753 crore in April 2025. Monthly inflows into mutual funds via the SIP route has remained robust, with SIP inflows reaching a record Rs 26,632 crore in April 2025, boosting the SIP AUM to Rs ~14 lakh crore—nearly 20% of the industry's AUM. Also Read | Equity mutual funds offer up to 19% return in May, sectoral & thematic funds take lead In fact, gross SIP inflows have remained strong despite heightened market uncertainty, indicating a steady and disciplined investment approach among investors. Notwithstanding rising inflows, the stoppage ratio—calculated as the number of SIPs discontinued/tenure completed divided by the number of new SIPs registered—surged to a historic 297.8% in April 2025. This is primarily attributed to the reconciliation and derecognition of dormant SIP accounts as part of the initiative taken by the mutual fund industry to comply with SEBI's regulatory norms. Of the total industry AUM, equity funds' AUM increased from Rs 36.7 lakh crore in March 2025 to Rs 38.2 lakh crore in April 2025, registering a 4.1% MoM increase. The debt funds' AUM, on the other hand, increased at a slightly higher pace of 5.2% MoM from Rs 19.3 lakh crore in March 2025 to Rs 20.3 lakh crore in April 2025. This resulted in the share of debt in total mutual fund AUM rising marginally to 29.2% by April-end, even as it remains much below the peak share of 34.2% in Sep'23. This meaningful drop in debt AUM is a result of the combination of robust returns generated by equity markets, continued inflows into equity-focused funds, and tapering flows into debt funds after the removal of the indexation benefit. In contrast, Hybrid and other funds observed a marginal decline in the proportion of total AUM from 13.9% (2.3%) in March 2025 to 13.7% (2.2%) in April 2025. In April 2025, the top five states continued to dominate equity mutual fund AUM, collectively accounting for 59.4% of the total equity AUM, unchanged from the previous month. Despite a broader market recovery, the equity AUM in most states is yet to return to their December 2024 levels, indicating an uneven regional recovery in investor participation. In April 2025, fund mobilisation through new mutual fund schemes fell sharply to Rs 350 crore, down 91.4% MoM in April 2025 from Rs 4,085 crore in March 2025, marking the lowest level in the past 34 months. This was owing to a sharp drop in new scheme launches, with the month gone by seeing just 7 new schemes getting launched vs. 30 in March 2025.
Economic Times
6 days ago
- Business
- Economic Times
Ownership of domestic mutual funds in all-listed universe scale record high to over 10% in FY25: NSE Pulse Report
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in MF 1. Gold ETF investment jumps 170% as jewellery demand slumps: Motilal Oswal Private Wealth Tired of too many ads? Remove Ads The ownership of domestic mutual funds in the all-listed universe have scaled a record high of 10.4% in FY25, marking the first double-digit reading and outpacing individual investor share for the first time, according to the NSE Pulse Report Individuals as direct and indirect (via mutual funds) investors today own a record-high of 18.2% of the total market cap, unchanged from the previous quarter (Rs74.5 lakh crore; 5Y/10Y CAGR: +35.7%/16.9%), outpacing the share of FPIs in FY25 for the first time since June 2021, with a strong resurgence in SIP-led inflows, DMF ownership in NSE-listed companies has climbed steadily, reaching all-time holdings by DMFs through ETFs and index funds in NSE-listed companies have surged in recent years. The AUM of passive funds grew at a robust CAGR of 59% over the past decade, substantially outpacing the 24% annualized growth of actively managed equity funds, driven by a low starting base and rising retail participation in passive Q4FY25, passive funds' AUM rose 1.9% QoQ to Rs 8.2 lakh crore, recovering from a marginal decline in the previous quarter, but grew by a robust 25.8% in the whole of FY25. In contrast, actively managed equity fund AUM declined 3.4% QoQ to Rs 34.2 lakh crore in the March quarter, though it still posted a healthy 23.6% increase over FY25. As a result, the share of passive funds in total equity-oriented mutual fund AUM climbed 72 bps QoQ to a record high of 20.8% as of March the 10.4% of NSE-listed market capitalization held by DMFs, passive funds' share rose 16 bps QoQ to a new peak of 2.0%—breaking out of the 1.7 -- 1.8% range seen over the past eight quarters. Active fund ownership also increased by 25 bps to a record 8.4%. In terms of free-float market capitalization, passive funds' share rose 30 bps QoQ to an all-time high of 4.0%, while active funds' share increased for the seventh consecutive quarter, up 42 bps to 16.8%.Passive mutual funds AUM, across equity, debt, gold, silver, and others, reached an all-time high of Rs 11.6 lakh crore in April 2025 compared to Rs 11.1 lakh crore in March 2025, registering a strong 21.8% YoY/3.8% MoM passive categories, income/debt-oriented index funds, specifically Target Maturity Index Funds (TMIFs), recorded the highest sequential growth of 9.3%, with AUM rising from Rs 96,025 crore in March 2025 to over Rs 1 lakh crore in April 2025. This was followed by Gold ETF, which registered a 6.2% increase in AUM, primarily driven by mark-to-market gains, more than making up for reduced net a steady decline over the previous three months, the mutual fund industry's AAUM rose by a strong 22.2% YoY/4.2% MoM to an all-time high of Rs 69.5 lakh crore in April 2025. Strong rebound in equity markets, following the de-escalation of tariff uncertainty in the second half of the month, coupled with continued inflows into mutual funds via the SIP route, were some of the factors that contributed to the terms of fund flows, mutual funds witnessed a sharp reversal in April 2025, with net inflows turning positive at Rs 2.8 lakh crore, compared to a net outflow of Rs 1.6 lakh crore in March terms of scheme composition, the total number of mutual fund schemes declined for the first time in 22 months, edging down from 1,760 in March 2025 to 1,758 in April 2025. Of the total, 1,656 were open-ended schemes, 98 were closed-ended, and 4 were interval schemes. Close-ended schemes exhibited a marginal increase of 1% from 26,459 crore in March 2025 to Rs 26,753 crore in April inflows into mutual funds via the SIP route has remained robust, with SIP inflows reaching a record Rs 26,632 crore in April 2025, boosting the SIP AUM to Rs ~14 lakh crore—nearly 20% of the industry's fact, gross SIP inflows have remained strong despite heightened market uncertainty, indicating a steady and disciplined investment approach among investors. Notwithstanding rising inflows, the stoppage ratio—calculated as the number of SIPs discontinued/tenure completed divided by the number of new SIPs registered—surged to a historic 297.8% in April 2025. This is primarily attributed to the reconciliation and derecognition of dormant SIP accounts as part of the initiative taken by the mutual fund industry to comply with SEBI's regulatory the total industry AUM, equity funds' AUM increased from Rs 36.7 lakh crore in March 2025 to Rs 38.2 lakh crore in April 2025, registering a 4.1% MoM increase. The debt funds' AUM, on the other hand, increased at a slightly higher pace of 5.2% MoM from Rs 19.3 lakh crore in March 2025 to Rs 20.3 lakh crore in April 2025. This resulted in the share of debt in total mutual fund AUM rising marginally to 29.2% by April-end, even as it remains much below the peak share of 34.2% in Sep' meaningful drop in debt AUM is a result of the combination of robust returns generated by equity markets, continued inflows into equity-focused funds, and tapering flows into debt funds after the removal of the indexation benefit. In contrast, Hybrid and other funds observed a marginal decline in the proportion of total AUM from 13.9% (2.3%) in March 2025 to 13.7% (2.2%) in April April 2025, the top five states continued to dominate equity mutual fund AUM, collectively accounting for 59.4% of the total equity AUM, unchanged from the previous month. Despite a broader market recovery, the equity AUM in most states is yet to return to their December 2024 levels, indicating an uneven regional recovery in investor April 2025, fund mobilisation through new mutual fund schemes fell sharply to Rs 350 crore, down 91.4% MoM in April 2025 from Rs 4,085 crore in March 2025, marking the lowest level in the past 34 months. This was owing to a sharp drop in new scheme launches, with the month gone by seeing just 7 new schemes getting launched vs. 30 in March 2025.
Hindustan Times
28-05-2025
- Politics
- Hindustan Times
Vendors picked for willingness to pay bribes, not merit: EOW in DMF charge sheet
RAIPUR: The Economic Offence Wing (EOW) on Tuesday filed its charge sheet in connection with irregularities in the District Mineral Fund (DMF) in Chhattisgarh's Korba district, alleging that the officials did not select vendors on merit but their willingness to pay bribes. Among the state government officials named in EOW's 6,000-page charge sheet are former Korba collector Ranu Sahu, former deputy secretary at then chief minister Bhupesh Baghel's office Saumya Chaurasia, and Maya Warrior, assistant commissioner at the Tribal Development Department. The other accused include Suryakant Tiwari, an influential businessman in the coal industry, Maya Warrior, assistant commissioner, Tribal Development Dept and several vendors and contractors such as Sanjay Shende, Rishabh Soni, Manoj Kumar Dwivedi, Mukesh Agrawal, and Ashok Agrawal who are currently in jail in Raipur. The EOW probe stems from a report submitted by the Enforcement Directorate (ED), Raipur, under the Prevention of Money Laundering Act (PMLA), which led to the registration of FIR on January 16, 2024. EOW said the DMF was a trust fund established in mineral-rich districts to support welfare projects in areas affected by mining and was funded by contributions from mining companies. But the DMF became a source of illicit wealth for a powerful nexus of officials and vendors, the charge sheet said. The EOW alleged that Chaurasia and Tiwari used their political influence to get Sahu posted as Korba collector and Maya Warrior in the tribal department. 'Together, they restructured DMF priorities to favour supply-based schemes such as training kits, sports goods, agricultural and medical equipment — sectors where inflated costs and kickbacks were easiest to engineer,' the charge sheet said. 'Funds were then funnelled to 'obedient' vendors, with Sanjay Shende receiving ₹114 crore, Mr Rishabh Soni ₹54 crore, and others receiving tens of crores. The payments were allegedly facilitated through tenders pushed through departments like Education, Women & Child Development, Sports, and Tribal Welfare, as well as local Panchayats,' the chargesheet added. In its investigation, EOW found that the DMF budget was approved at meetings of the executive committee and governing council, all of which were chaired by Sahu, who was arrested in 2023. EOW claimed that the accused sidelined essential development projects in favour of those that could generate maximum personal gain. 'Detailed records show that between 2021–2023, DMF fund allocations were inflated or redirected to benefit these handpicked vendors, many of whom had no prior record in large-scale public procurement. Officials say quality control was bypassed, and many of the projects were either redundant or of substandard execution,' the charge sheet said. EOW claimed the proceeds of crime from these contracts were distributed among bureaucrats, political figures, and intermediaries. 'Large amounts of cash commissions were allegedly funnelled up the chain, even reaching senior figures in the then state government. The accused are also alleged to have acquired undisclosed assets and properties in their names and those of family members,' the charge sheet said.
Time of India
27-05-2025
- Business
- Time of India
IAS officer among 9 named in DMF scam EOW chargesheet in Chhattisgarh
Raipur: The Chhattisgarh Economic Offences Wing (EOW) has filed a 6,000-page chargesheet against nine accused — including senior bureaucrats and businessmen — in the special anti-corruption court in Raipur in the District Mineral Foundation (DMF) scam. EOW chief Amresh Mishra named the accused in the chargesheet filed on May 27 — Saumya Chaurasia, former OSD to then CM Bhupesh Baghel , former Korba collector and suspended IAS officer Ranu Sahu, former assistant commissioner-tribal development Maya Warrior, former deputy collector & DMF nodal officer Bharosa Ram Thakur, and former janpad panchayat CEOs Bhuneswar Singh Raj, Virendra Rathore and Radheshyam Mirjha, businessman Suryakant Tiwari and vendor Manoj Dwivedi. All nine are charged under IPC sections 120B (criminal conspiracy), 420 (cheating and dishonestly inducing delivery of property), 467 (forgery of valuable documents), 468 (forgery for the purpose of cheating), and 471 (using a forged document as genuine), along with provisions of Prevention of Corruption Act. All of them are in judicial custody. According to the EOW chargesheet, during the 2021–22 and 2022–23 fiscals, funds allocated under DMF Trust in Korba were misappropriated through a criminal conspiracy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Switch to UnionBank Rewards Card UnionBank Credit Card Apply Now Undo The accused allegedly ensured that tenders were awarded to preferred vendors/proprietors, who were directly or indirectly associated with them. As part of a well-orchestrated scheme, these vendors were allegedly granted lucrative contracts, and in return, around 40% commission — approximately Rs 75 crore — was siphoned off, inflicting a significant financial loss to the government. The court filing includes extensive documentation and evidence. According to the investigation, some private companies paid 15%-20% commission to secure DMF contracts. The scam was allegedly orchestrated through rigged tenders, dummy firms, and illegal financial arrangements. Officials said fake companies were set up to secure tenders and bribes were falsely recorded as accommodation expenses. Large amounts of cash and forged documents were recovered during raids, along with digital devices and stamps of dummy firms. ED seized Rs 76.5 lakh in cash and froze eight bank accounts containing Rs 35 lakh, were also confiscated, says the chargesheet. The investigation continues and more names could surface, officers said. DMF was set up to benefit mining-affected communities, but has now become the centre of a high-profile corruption scandal, raising serious questions about oversight and accountability within the system. EOW's investigation, backed by an Enforcement Directorate (ED) report, has revealed serious financial irregularities in fund allocation and tendering processes in Korba district. On March 3, Supreme Court granted interim bail to 12 accused in a coal scam case, including Sahu, Chaurasia, and Tiwari. However, before they could walk free, EOW obtained a production warrant and arrested them in the DMF case, ensuring their continued detention. ED has already attached assets worth nearly Rs 23.8 crore belonging to 10 people, including Ranu Sahu, Maya Warrior, and Manoj Dwivedi.
New Indian Express
27-05-2025
- Politics
- New Indian Express
Chhattisgarh EOW files charge-sheet against ex-CM deputy secretary, former collector in DMF scam
RAIPUR: The Chhattisgarh State Bureau for Investigation of Economic Offences (EOW) on Tuesday filed a 6,000-page charge-sheet before the Special Court (Anti-Corruption), Raipur, against Saumya Chaurasia, former deputy secretary to ex-Chief Minister Bhupesh Baghel; the then Korba collector, Ranu Sahu; and several others in connection with the multi-crore District Mineral Fund (DMF) scam. Besides Chaurasia and Sahu, businessman Suryakant Tiwari, Maya Varriar, Manoj Dwivedi, Bhuneswar Singh Raj, Barosa Ram Thakur and Virendra Rathore have also been named in the charge-sheet. They have been accused of direct involvement in corruption and financial embezzlement by manipulating the tender process to benefit favoured proprietors and suppliers. They allegedly collected illegal commissions amounting to around Rs 75 crore in the DMF scam in Korba district. According to investigators, these substantial bribes were paid in exchange for securing DMF tenders. The state EOW stated that an FIR had been registered against all the accused under Sections 7 and 12 of the Prevention of Corruption Act, 1988, in addition to Sections 120-B, 420, 467, 468 and 491 of the Indian Penal Code. The accused named in the charge-sheet are currently lodged in Raipur Central Jail under judicial remand. Chaurasia, during her tenure as a deputy secretary in the then Chief Minister's Office, allegedly misused her official position and exercised undue administrative influence to facilitate the receipt of illegal commissions in return for awarding DMF tenders in Korba. In May this year, the Chhattisgarh High Court rejected the bail plea of the accused in the DMF scam.
