MF assets go past Rs 50 trn; SIP-tied AUM hits Rs 10 trn

The mutual fund (MF) industry added a record Rs 10 trillion to its total assets under management (AUM) in 2023, taking the cumulative tally past the Rs 50 trillion mark for the first time, in......

Fund managers improve large-cap performance and stumble on small-caps

Fund managers of large-cap and equity-linked saving schemes (ELSS) have demonstrated a marked improvement in their performance over the past year, according to the latest SPIVA (S&P Indices Versus......

Exchange route mandatory for sub-Rs 25 crore ETF deals from Tuesday

At present, investors directly deal with the asset management companies (AMCs) for purchase and redemption of ETFs - passive schemes that track a particular benchmark such as the Nifty50 index.......

Budget 2023 wish list: Insurers bat for hike in tax deduction limit

Ahead of the Union Budget 2023, insurers are hoping that the Centre will act on their recommendations, which includes increasing the limit for tax deduction under 80D of the Income Tax Act.......