MF News
PGIM India AMC partners with Cybrilla to bring mutual funds on ONDC platform
PGIM India Asset Management has partnered with ONDC and Cybrilla Technologies to expand mutual fund access across India. The integration aims to empower distributors, lower costs, and introduce innovative formats like daily SIPs, reinforcing PGIM’s mission of financial inclusion and democratizing investments, especially for smaller towns and rural investors.
Deepak Shenoy owned Capitalmind Mutual Fund crosses Rs 100 crore AUM mark in 35 days
Capitalmind Mutual Fund’s first scheme, Capitalmind Flexi Cap Fund, crossed Rs 100 crore AUM within 35 days of launch, reflecting strong investor participation, disciplined strategy, and community-driven confidence in its evidence-based wealth creation approach.
Madhu Lunawat led The Wealth Company Mutual Fund launches its maiden flexi cap fund
The Wealth Company Mutual Fund, part of Pantomath Group, has launched its maiden Flexi Cap Fund, opening September 24. The fund aims for long-term wealth creation through dynamic allocation across market caps, PE-style diligence, and institutional-quality research. It will be benchmarked against Nifty 500 TRI.
UTI Mutual Fund appoints Vetri Subramaniam as new MD and CEO
UTI Mutual Fund has named its CIO, Vetri Subramaniam, as the new MD and CEO, effective February 1, 2026, succeeding Imtaiyazur Rahman. Subramaniam's promotion occurs during a period of rapid growth and increasing competition in the mutual fund industry. He will face challenges in managing talent and maintaining margins amidst new players.
AMFI announces appointment of new Chairman and Vice Chairman
AMFI has appointed Sundeep Sikka as its new Chairman and Vishal Kapoor as Vice Chairman, effective immediately. The leadership change follows the tenure of outgoing Chairman Navneet Munot and Vice Chairman Anthony Heredia, as the industry body continues its work on investor protection and mutual fund growth.
Bandhan AMC receives SEBI approval to launch Specialised Investment Funds, unveils Arudha SIF platform
Bandhan Mutual Fund has received SEBI approval to launch Specialised Investment Funds (SIF) under the Arudha SIF platform. The initiative enables innovative equity, debt, and hybrid strategies for sophisticated investors, expanding options beyond mutual funds. Bandhan AMC aims to meet evolving investor needs with differentiated risk-return offerings and broaden wealth creation avenues.
UTI Asset Management announces appointment of Vetri Subramaniam as MD and CEO
UTI Asset Management Company has appointed Vetri Subramaniam as the next MD and CEO, effective February 1, 2026, succeeding Imtaiyazur Rahman. Rahman, who has led the company since 2018, will transition to a Strategic Advisor role. Subramaniam, currently CIO, will assume the role of "MD & CEO Designate" immediately, ensuring a seamless leadership transition.
Ek teer kai nishaan: Nilesh Shah of Kotak Mutual Fund on how GST 2.0 is step in right direction
Nilesh Shah, MD of Kotak Mutual Fund, praised the government’s GST reforms as ek teer kai nishaan, citing benefits like reduced inflation, higher growth, stronger consumer sentiment, and improved ease of doing business. He highlighted urgency in implementation, fiscal manageability, and the need to address fraud, speculation, and global tariff impacts.
Domestic mutual funds now own 10.6% of NSE-Listed companies, highest ever: NSE Pulse Report
Domestic mutual fund ownership in NSE-listed companies hit a record 10.6%, driven by strong SIP inflows and rising retail participation. Active funds hold 8.6%, passive 1.9%. Combined direct and indirect individual ownership now stands at 18.5%. Both active and passive equity AUMs show robust growth, reflecting sustained investor confidence.
AMFI proposes Mutual Fund-Voluntary Retirement Account scheme, similar to US 401(k) plan
The Association of Mutual Funds in India (AMFI) has proposed the Mutual Fund- Voluntary Retirement Account (MF-VRA) scheme, which aims to provide a voluntary, employer-linked retirement product managed by mutual funds, similar to the US 401(k) plan.
Must Watch
Radhika Gupta warns against impersonators promising stock, crypto tips
Radhika Gupta, CEO of Edelweiss Mutual Fund, has cautioned investors about fake profiles impersonating her on social media and claiming to offer stock or crypto tips. Gupta clarified that she never provides such advice and urged users to rely only on her verified accounts.
It's raining commissions for mutual fund distributors. See who earned the highest
Mutual fund distributors in India experienced a lucrative FY2025, with commissions surging 40% to ₹21,000 crore. NJ Indiainvest and Prudent Corporate Advisory led the pack, securing ₹2,610 crore and ₹1,060 crore in commissions, respectively. This growth was fueled by a surge in new fund offerings (NFOs), which raised a record ₹89,800 crore.
NFO Alert: JioBlackRock Mutual Fund to launch JioBlackRock Flexi Cap Fund
JioBlackRock Mutual Fund is set to introduce the JioBlackRock Flexi Cap Fund. The NFO will be available from September 23 to October 7. This open-ended scheme invests across various market cap stocks. It will be benchmarked against the Nifty 500 Index. The fund utilizes Systematic Active Equity, BlackRock’s AI-powered investment approach. Minimum investment is Rupees 500.
Invesco Mutual Fund gets Sebi nod for 60% stake transfer to IIHL
Invesco Mutual Fund has received market regulator Sebi approval to transfer a controlling 60 per cent stake to IndusInd International Holdings Ltd (IIHL), according to sources.
Quant Mutual Fund appoints Ex-SBI chairman Rajnish Kumar to lead board
Quant Mutual Fund appointed Rajnish Kumar, former SBI Chairman, and Nishith Mehta as leaders of its AMC Board, strengthening governance and strategic oversight. The fund house plans to launch India’s first Specialized Investment Fund (SIF), starting with the QSIF Equity Long-Short Fund in September, offering alternate long-short investment strategies and risk mitigation.
Quant Mutual Fund tilts portfolio towards largecaps, auto and FMCG; increases silver in multi‑asset fund
Quant Mutual Fund is focusing on large-cap stocks. It is increasing investments in auto and FMCG sectors. The fund house is also raising silver exposure in its multi-asset fund. Sandeep Tandon led Quant Mutual Fund is positive on infrastructure, hotels, pharma, consumption and telecom sectors. SEBI has approved Quant Mutual Fund's Specialized Investment Fund.
