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Most mutual funds firms in India are its members. The organisation aims to develop the mutual funds market in India, by improving ethical and professional standards. [2] As of April 2015, there are 44 members. [3] These are asset management companies which are registered with AMFI with assets under management of over ₹27 lakh crore. [4]
Nippon India ETF Nifty 50 Shariah BeES (NSE: SHARIABEES) (Formerly called Reliance Nifty Sharia Exchange Traded Scheme) ICICI Prudential Mutual Fund ICICI Prudential S&P BSE Liquid Rate ETF ( NSE : LIQUIDIETF and BSE : LIQUIDIETF )
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.
The company maintains over 100 equity indices comprising broad-based benchmark indices, sectoral indices, fixed income and customized indices. [ 1 ] [ 2 ] [ 3 ] There are many investment and risk management products, index funds and exchange traded funds benchmarked to indices developed by NSE Indices Ltd. [ 2 ] in India and abroad including ...
Axis Mutual Fund started its operations in 2009 with its first equity scheme, Axis Equity Fund. [12] In April 2012, Schroders, an asset management company, acquired a 25% stake in Axis Mutual Fund. [13] [14] In September 2019, Axis Mutual Fund launched an index fund based on Nifty 100 that is known as Axis Nifty 100 Index fund. [15]
The degree of premium/discount on individual investment unit prices relative to the per-unit NAV serves as the yardstick for assessment. The NAV index is synonymous to the adjusted price-to-book ratio in which factors such as unrealized losses/gains of owned properties and brand values are reflected. News companies such as PropertyMall ...
Mutual funds in India are regulated by Securities and Exchange Board of India, the regulator of the securities and commodity market owned by the Government of India, [31] under the SEBI (Mutual Funds) regulations of 1996. The functional aspect of Mutual Funds industry comes under the purview of AMFI, a trade association of all fund houses ...
The NIFTY 50 is an Indian stock market index that represents the float-weighted average of 50 of the largest Indian companies listed on the National Stock Exchange. [1] [2] Nifty 50 is owned and managed by NSE Indices, which is a wholly owned subsidiary of the National Stock Exchange of India.