Top news and market movers this week: 14 Jan’ 22

The net Asset Under Management (AUM) of the Mutual Fund industry rose to an all time high of Rs 37.72 lakh crore at December 2021 end. An overall increase of 22% from previous year.

SIP inflows hit an all time high of Rs 11,305 crore in December 2021. SIP contribution for the year 2021 stood at Rs 1.14 lakh crore while the number of SIP folios jumped to 4.9 crore from 3.47 crore of previous year. 

Motilal Oswal MF has suspended lump sum and switch-in investments for Motilal Oswal Nasdaq 100 FOF, Motilal Oswal S&P 500 Index Fund, Motilal Oswal Msci Eafe Top 100 Select Index Fund w.e.f 17 January. The AMC restriction came after it neared SEBI’s overseas investment limits of $1 billion.

Axis MF, Mirae MF, ABSL MF, ICICI MF, Nippon MF have launched the NFOs for Axis Cpse Plus Sdl 2025 70:30 Debt Index Fund, Mirae Asset Nifty India Manufacturing ETF FOF, ABSL Silver ETF FOF, ABSL Nifty Sdl Apr 2027 Index Fund, IPRU Silver ETF FOF, Nippon India Silver ETF FOF