Tuesday, September 15
The Indian mutual fund (MF) industry stood at an AUM of Rs 74.40 lakh crore as of June 30, marking a more than sevenfold growth over the past decade. Equity commands the largest share at 59.94%, followed by debt at 26.53%, hybrid at 8.28%, and other categories accounting for 5.26%, according to a study by Motilal Oswal Mutual Fund.Within equities, broad-based funds emerged as the dominant category, garnering Rs 86,000 crore in net inflows. This segment captured 64% of total equity flows, 55% from active funds and a notable 106% from passive funds, highlighting the growing allocation toward passive equity strategies.Also Read | Nifty slips into consolidation: What is the right strategy for mutual fund investors now?Among active broad-based funds, flexicap led with Rs 15,800 crore, followed
While the Indian stock markets have had a roller coaster ride since hitting their September 2024 lifetime highs, there is a strong case now for their re-rating, according to Morgan Stanley expert Ridham Desai. The Managing Director has estimated a target of 89,000 for the BSE Sensex for June 2026, which is a 10% or an 8,000 points rally over the current levels.The 30-stock index is currently trading around 80,949, down 6% or 5,000 points from its lifetime high of 85,978.25, scaled on September 27, 2024. It fell as low as 71,425.01 in April hitting its 52-week low. "Our BSE Sensex target of 89,000 implies upside potential of 10% to June 2026. This level suggests that the BSE Sensex would trade at a trailing P/E multiple of 23.5x, ahead of the 25-year average of 21x. The premium over the his
