Retail MF folios (equity, hybrid, solution-oriented schemes) also at an all-time high at 12,08,50,415 in July 2023 compared to 11,90,63,434 in June 2023.
A total of 27 schemes were launched in February 2023, raising Rs. 7,187 crore. The number of new systematic investment plans registered in the month was a little over 2 million, according to the month ...
Small caps saw considerable inflows, driven by retail investors looking for long-term returns, AMFI said, noting that the encouraging SIP numbers indicate their trust in mutual funds.
Sebi said that Demat accounts and MF folios of existing mutual fund investors will not be frozen even if they have not given nomination details. Check other key amendments made by Sebi.
Sebi made joint account nomination optional by amending its regulations. Read more on nominee declaration for individual unit holders by June 30, 2024.
The demand notice came after Kapoor failed to pay the fine of Rs 2 crore imposed on him by the Securities and Exchange Board of India (Sebi) in September 2022