AMC shares rise up to 5% as new asset class opens revenue stream for MFs

Quick Summary:

The new product lineup is expected to witness strong traction from AMCs, with several of them already firming up their plans for the newly introduced segment.

Under the new framework, MFs can launch products similar to those being offered by PMS and AIF but with a lower ticket size of Rs 10 lakh.

This should add to AUMs and revenues of fund houses," said Sunil Subramaniam, a market expert and former senior MF executive.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Mutual Funds Sebi Asset Management AMC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 19:22:10 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 523 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22838756

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