Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
28 April, 2017 04:00 IST
Mutual Fund AUM touches new high of Rs 17.9 trn: ICRA
Source: IRIS | 17 Mar, 2017, 08.40AM
Comments  |  Post Comment

According to data from the Securities and Exchange Board of India (SEBI), the total folio count at the end of February 2017 stood at 5.43 crore, 1.1% higher than January 2017. Out of the 6.1 lakh folios added in the month of February 2017, 4.9 lakh folios came from the Equity (including the ELSS) category. Industry's folio growth is not keeping pace with AUM growth, which suggests that there is a huge untapped market. The MF industry needs to evolve further and devise innovative means to attract more investors.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Kotak Mahindra Bank Q4 net jumps 40%; NII up 16% - 27-Apr-2017 16:39
TVS Motor Company quarterly profit falls 7% - 27-Apr-2017 16:22
Tata Motors signs contract with Defence Ministry for supply of 3,192 vehicles - 27-Apr-2017 16:18
Maruti Suzuki India quarterly earnings up 16% - 27-Apr-2017 16:08
R-Cap's insurance arm's FY17 profit before tax jumps 32% - 27-Apr-2017 12:40
National Green Tribunal orders Jubilant's 13 units to cease ops - 27-Apr-2017 11:16
Dr. Reddy's Lab launches Ezetimibe & Simvastatin tablets in US - 27-Apr-2017 11:05
ITDC to sign MoUs for transfer of equity stake to respective State Corps - 27-Apr-2017 10:59
Somany Ceramics' arm completes expansion of sanitaryware plant - 27-Apr-2017 10:52
Zydus gets USFDAs final nod for Cholestyramine for oral suspension - 27-Apr-2017 10:43
INOX Leisure commences commercial operations of multiplex in Pune - 27-Apr-2017 10:41
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer