MF News:

  • Financial services provider Payworld has partenered with Reliance Mutual Fund Fund to provide mutual fund services to 30 lakh families in India.
  • Tata Mutual Fund has announced change in the fund management responsibilities of several funds. Amongst the changes announced, Gopal Agarwal ceases to be the fund manager of Tata Large Cap Fund effective from 18th Jun and the same shall be jointly managed by Rupesh Patel and Ennettee Fernandes (assistant fund manager).
  • AUM witnessed growth of 18.68% YoY. The industry witnessed total net outflow of Rs. 50000 cr in May against net inflow of Rs. 137,428 cr in April.
  • ICICI Prudential has launched Bharat 22 ETF FOF. NFO opens on 20 to 22 June.

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