The distribution of assets under management (AUM) among mutual funds is skewed. For example, the AUM of HDFC MF, the top-ranked fund, is 29 times the AUM of Edelweiss MF, the 20th largest. Here are the top 20 mutual funds in India by AUM.
Parth Kapadia (38) and his wife Karuna (34) are living a life many would dream of. Along with their dog, a beautiful golden retriever, they live in a spacious apartment in Pune’s plush Koregaon Park. Parth is an executive in a multinational bank and Karuna runs her own fashion business. The glamorous exterior, however, hides[…..]
India’s asset management companies (AMCs) own assets under management (AUM) worth ₹24.46 trillion, according to data released by the Association of Mutual Funds in India (Amfi), a mutual fund industry lobby, for the January-March period. Out of the total industry assets, a huge 82.7% is owned by the top 10 AMCs, who have owned around[…..]
A manager buys and sells scrips regularly, sometimes every day, to generate a return. But when a manager buys and sells far too often, there is a problem. A turnover ratio measures the extent to which a manager churns her portfolio. If the portfolio turnover is greater than 100%, that typically means that the manager[…..]