Driven by strong participation from retail investors, mutual fund (MF) houses have registered an addition of nearly 70 lakh investor accounts in 2016 taking the total tally to nearly 5.3 crore. This follows addition of 56 lakh folios in 2015 and...
Read moreAverage AUM of MF industry grows to Rs 16.93 trillion in Q3
The average assets under management (AAUM) of the mutual fund industry comprising 44 players grew by 26.4 per cent during the third quarter to Rs 16.93 trillion from Rs 13.41 trillion a year ago. The data show that a total AAUM of Rs 16.93...
Read moreSensex may touch 39,000 in a ‘bull case’ scenario: Morgan Stanley
Global brokerage firm Morgan Stanley today said it expects the Sensex to touch the 39,000 mark in a ‘bull case’ scenario by this December. “Domestic appetite for equities remains strong. Sentiment is off lows though yet to hit exuberant...
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