India’s Leading BFSI Companies 2020

XLI Scheme-wise resource mobilization Scheme-wise resource mobilization A scheme-wise pattern reveals that net inflows were positive for equity-oriented schemes, balanced schemes, ETF schemes, and fund of funds investing overseas schemes and negative for income/debt- oriented schemes. During fiscal 2019, equity oriented schemes registered the highest net inflows to the tune of ` 1,07,970 cr on the back of buoyant equitymarket conditions, followed by the exchange traded schemes with an inflow of ` 42,940 cr, The balanced schemes with ` 6,864 cr and the fund of funds investing overseas with an amount of ` 246 cr, too registered net inflows during fiscal 2019 while the income/ debt-oriented schemes witnessed a net outflow of ` 48,320 cr. 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% Dec-18 Dec-19 Debt Oriented schemes Equity Oriented Schemes Liquid/Money Market Schemes ETFs, Funds of Funds Growth in Assets 12.91 11.17 24.09 14.54 12.71 27.26 Individual Institution Grand Total ` lakh cr Dec-18 Dec-19 The value of assets held by individual investors in mutual funds increased from ` 12.91 lakh cr in December 2018 to ` 14.54 lakh cr in December 2019, an absolute increase of 12.64%. The value of Institutional assets have increased from ` 11.17 lakh cr in December 2018 to ` 12.71 lakh cr in December 2019, an absolute increase of 13.80%. Regulatory development • In order to bring in uniformity and to standardize the scheme categories as well as characteristics of each category, SEBI, has issued a circular laying down the categories of schemes, its characteristics and uniform description for each category. • LTCG of 10% without indexation introduced for equity-oriented funds for investment horizon of more than 1 year, subject to capital gains of over ` 1 lakh per assessee per year. Dividend plans of equity-oriented funds subject to a DDT of 10%, deducted at source. • Mutual fund houses asked to disclose Total Expense Ratio (TER) for all schemes under a separate head on their websites on a daily basis. • SEBI further redefined the scope for T15/B15 cities to T30/B30 and push for higher penetration. Du & Bradstreet