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In a relief for mutual fund distributors, AMFI restarts Aadhaar-linked online registration
AMFI has restarted a completely paperless online registration process through its website for obtaining ARN and EUIN using OTP based Aadhaar authentic
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AMFI reduces registration and renewal fees for mutual fund distributors by 50 %
The AMFI Registration Number (ARN) is the unique code, which identifies the intermediary as AMFI Registered Mutual Fund Distributor (ARMFD). The body
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SIP collections drop to Rs 96,000 crore in FY21 amid pandemic-led disruptions
A total of Rs 96,080 crore was collected through SIP in just-concluded fiscal, lower than Rs 1,00,084 crore garnered in 2019-20, as per the Associatio
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Mutual Funds get over 20 lakh new investors in FY21
The mutual fund industry witnessed nearly double-digit growth in terms of the number of unique investors across schemes during the previous financial
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A look at what mutual funds bought and sold in March
Allocation to healthcare services, IT, cement, chemicals and media & entertainment sectors saw an increase in March
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Inflow into gold ETFs climbs over four-fold to Rs 6,900 crore in FY21
According to the Amfi data, investors put in a net sum of Rs 6,919 crore in 14 gold-linked ETFs in the just-concluded financial year, much higher tha
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Trend reversal: Equity mutual funds see inflows for the first time in 9 months
SIP contribution in March 2021 has reached the pre-covid levels.
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Equity mutual funds see inflow in March; first time in nine months
Equity mutual funds witnessed a net inflow of Rs 9,115 crore in March, making it the first net infusion in nine months
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These five mutual funds gave a return of over 70% in a year
Over five years, these funds have given returns of between 15-19%
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What is the expense ratio and why is it important for you?
The daily NAV of a mutual fund is disclosed after deducting the expenses; bigger funds ideally have lower expense ratio
