India's mutual fund industry, led by market leaders Reliance Mutual Fund, ICICI Prudential and UTI MF, has witnessed a fall of over Rs 58,000 crore (Rs 580 billion) in its assets during March.Despite the fall, Reliance MF continued to be the most valued fund house in the country with Assets Under Management (AUM) of Rs 90,937.94 crore (Rs 909.37 billion) at the end of March.
Fund houses' tie-ups with the postal department for marketing their schemes through post offices are yet to take off in a bigger way.
UTI, India's first mutual fund, has been on the backfoot in a competitive marketplace. The fightback looks not just at new products, but new processes and investor services
The combined assets under management of the 32 fund houses in the country fell to Rs 5,49,114.82 crore (Rs 5,491.14 billion) in January, against Rs 5,49,942.02 crore (Rs 5,499.42 billion) at the end of December, 2007, latest data available on the website of Association of Mutual Funds in India show.
UTI Mutual Fund has launched UTI-FAMILY (that allows investors to buy mutual fund units in their name, but the returns go straight to a parent's bank account.
This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
Mutual fund is an investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets.
With the stock coming under pressure, the MF holding value could have dropped to Rs 50 billion, back-of-the-envelope calculations show.
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The country's 44 fund houses together had an average AUM of Rs 9.85 lakh crore during April-June quarter of 2014-15, up from Rs 9.05 lakh crore (Rs 9.05 trillion) in the preceding three months, according to the latest data available with Association of Mutual Funds in India.
UTI's legacy and brand recognition, together with a robust distribution network and access to public sector money, could work in its favour, and help it command a premium
The country's 44 fund houses together garnered an average Asset Under Management) of Rs 9.04 lakh crore (Rs 9.04 trillion) during the January-March quarter of 2013-14, up from Rs 8.76 lakh crore (Rs 8.76 trillion) in the previous three-month period, Crisil said attributing the data to the Association of Mutual Funds in India.
The time is ripe for a merger of eight fund houses indirectly owned and controlled by the central government, says N Sundaresha Subramanian.
Ten Indian states contribute a lion's share of 95% or Rs 12.25 lakh crore.
Insurance firms have designed amazing retirment plans to lure more customers.
In 5 years, the AMC has clocked a growth rate of 40% with its AUM up nearly 4 times.
The majority have stayed away from getting into cash handling.
Stay orders keep law out of citizen access even years after CIC rulings on opening market institutions to scrutiny
Experts say you may invest in small-sized funds and benefit from their nimbleness.
'Most investors are still waiting for the winners to correct.'
Growth in India will pick up from current levels, says LEO Puri, managing mirector, UTI Asset Management Company.
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