New Delhi, June 8 (IANS) India’s capital markets have emerged as one of the most significant success stories of the past decade, with a sharp rise in retail investor participation and a growing shift in household savings towards equities and mutual funds transforming the country’s financial landscape.Millions of households that traditionally parked their savings in bank deposits, gold and real estate are increasingly turning to equity markets, creating a deeper and more resilient domestic in…
Latest Association of Mutual Funds in India (AMFI) News & Updates
New Delhi, May 13 (IANS) The government on Wednesday announced a hike in customs duties on gold and silver to 15 per cent from 6 per cent as policymakers move to contain pressure on India’s foreign exchange reserves and the external account amid the ongoing West Asia conflict.Moreover, the revised duty on platinum imports has been raised to 15.4 per cent from 6.4 per cent.According to official changes, the revised structure imposes a 10 per cent basic customs duty along with a 5 per cent Agric…
New Delhi, May 11 (IANS) The mutual fund industry in India continued to witness strong investor participation in April, with overall industry inflows rising to Rs 3.22 lakh crore, while gold exchange traded funds (ETFs) recorded robust growth amid heightened geopolitical uncertainty surrounding tensions between the US and Iran, according to data released by the Association of Mutual Funds in India (AMFI) on Monday.The data also showed that actively managed equity mutual funds attracted net inflo…