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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$610 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$99 billion) recorded in December 2013.
JM Financial (JMFL) is an Indian financial services group headquartered in Mumbai and has branches across India. [3] It also has overseas branches in Ebene , Singapore , New Jersey and Dubai although almost all the group's business are domestic operations in India.
Download as PDF; Printable version; ... Pages in category "Mutual funds of India" The following 13 pages are in this category, out of 13 total. ... SBI Mutual Fund;
An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. [ 1 ] [ 2 ] [ 3 ] ETFs own financial assets such as stocks , bonds , currencies , debts , futures contracts , and/or commodities such as gold bars .
It was incorporated on 22 August 1995, as a non-profit organisation. As of now, 44 Asset Management Companies that are registered with SEBI, are its members. 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]
A mutual fund is an investment fund that pools money from many investors to purchase securities.The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK.
Mahindra AMC Pvt Ltd is the Investment Manager for Mahindra Mutual Fund. It started its operation in July 2016, with an AUM of ₹120 crore. Currently its NAV is floating around ₹1000. Mahindra Mutual Fund endeavors to offer a variety of mutual fund schemes pan India, with special focus in rural and semi-urban areas. [12]
Considering the active schemes, UTI Mutual Fund is one of the oldest mutual fund companies in India. UTI Mutual Fund has been a pioneer in launching various schemes, such as the UTI Unit Linked Insurance Plan (ULIP) with life and accident cover (launched in 1971), UTI Master Share (launched in 1986), India's first Offshore Fund – India Fund ...