Weekly MF News -Equity funds report 35th consecutive month of net inflows

πŸŒ€✴️⏰  〽️F  〽️⭕️⭕️D ⏰✴️πŸŒ€                         Week 302

      ‼️πŸ‘£Weekly MF NewsπŸ‘£‼️                                                                                  
An Initiative By ArthMitra Gurukulam

πŸ’₯ Helios Mutual Fund files draft document for balanced advantage fund
πŸ”₯ Equity funds report 35th consecutive month of net inflows
πŸ’₯ AMFI Data: Equity mutual fund inflows surge 28% MoM in January to near Rs 22,000 crore-mark
πŸ”₯ LIC Mutual Fund appoints Ravi Kumar Jha as MD & CEO
πŸ’₯ Mutual funds' collects Rs 63,854 crore through NFOs in 2023
πŸ”₯ No change in repo rate to benefit medium to long-term debt and gilt funds
πŸ’₯ MF industry AUM reaches Rs.53 lakh crore, SIP inflows at Rs.19,000 crore
πŸ”₯ With over Rs 1.30 lakh crore of retail assets each, HDFC MF, SBI MF and ICICI Prudential MF are the top 3 players in the retail segment.
πŸ’₯ IAPs increase by 23%, reach expands by 45% . AMCs conduct 10,364 investor awareness programs for over 7 lakh participants during FY 2022-23.
πŸ”₯ Insurance penetration in India is 4%, lower than global average of 6.8%
πŸ’₯ Now, ayurvedic and alternative treatments qualify for the entire sum insured
IRDAI has asked insurance companies to remove cap on sum insured from AYUSH treatment.
πŸ”₯ IRDAI directs insurers to reduce premium in direct plans
πŸ’₯ SEBI issues consultation paper to revise nomination norms , SEBI has invited views of AMCs, registrar and other market participants by March 08, 2024.
⭕️ NFO ⭕️  Bajaj Finserv Large and Mid Cap Fund ⭕️  Bank of India Multi Asset Allocation Fund ⭕️ HSBC Multi Asset Allocation Fund ⭕️ quant PSU Fund ⭕️  SBI Energy Opportunities Fund
πŸ”₯ARTHMITRA GURUKULAM has successfully hosted 3 days mega conference of MFDs at Ahmedabad on 11-12-13 Jan with total 900+ Delegates Across India

❤️πŸ§‘πŸ’›πŸ’šπŸ’™πŸ’œπŸ–€❤️πŸ§‘πŸ’›πŸ’šπŸ’™πŸ’œπŸ–€
data compiled from #cafeMutual #EtMutualFund #ValueReserch  ( Till 11/02/2024)
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