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The total Assets Under Management (AUM) of the Indian mutual fund industry as of December 31, 2023, stood at a staggering ₹ 50.78 trillion (US$590 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$95 billion) recorded in December 2013.
In October 2021, the company crossed the sale of ₹ 500 crore of mutual funds in a month and investments managed through ET Money exceeded ₹ 20,000 crore. [10] In March 2022, it registered a $3 billion (₹22,500 crores) of total mutual fund investments being managed on the platform.
A mutual fund is an investment fund that pools money from many investors to purchase securities.The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK.
JM Financial (JMFL) is an Indian financial services group headquartered in Mumbai and has branches across India. [3] It also has overseas branches in Ebene, Singapore, New Jersey and Dubai although almost all the group's business are domestic operations in India. [1] [3]
An index fund is a type of mutual fund that either buys all or a representative sample of securities in a specific index, such as the S&P 500. Instead of being actively managed by fund managers,...
The NIFTY 50 index is a free float market capitalisation-weighted index.. Stocks are added to the index based on the following criteria: [1] Must have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations, for the basket size of Rs. 100 Million.
In March 2023, the final registration from the Securities and Exchange Board of India was granted to commence mutual fund business operations under Bajaj Finserv Mutual Fund. [38] The AMC has disclosed an average of ₹ 16,293 crore (US$1.9 billion) in average assets under management (AAUM) for the quarter ending 30 September 2024.
Low-cost index funds provide instant portfolios that might otherwise take years or even decades to build if you cobbled them together on a share-by-share basis. A single investment gives you an ...