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Mumbai, The share of women investors in mutual funds has increased from 15 per cent in March 2017 to nearly 21 per cent in December 2023, according the latest data of Amfi (Association of Mutual Funds). The overall asset under management in mutual funds crossed the Rs 50 lakh crore-mark in February this year as a large number of passive investors are flocking to mutual funds to save and earn more. The Amfi data showed the share of women investors in mutual funds increased from 15 per cent in March 2017 to nearly 21 per cent in December 2023. This pace of growth was more prominent in the hinterland versus the urban centres during the period. The share of women folios and assets in B-30 cities has increased from 15 per cent to 18 per cent and from 17 per cent to 28 per cent, respectively, the data showed. The report, prepared by <keyword id="19898320" type="General" weightage="20" keywordseo="crisil" source="keywords">Crisil</keyword> for Amfi and released by Sebi chairperson <keyword id="19922107" type="General" weightage="20" keywordseo="madhabi-puri-buch" source="keywords">Madhabi Puri Buch</keyword>, further said that almost 50 per cent of women investors fall in the 25-44 age group as against around 45 per cent for overall set of individual investors. Goa boasts the highest share of women in the mutual fund industry at 40 per cent, followed by northeastern states with high 30s percentages. <keyword id="20911260" type="General" weightage="20" keywordseo="chandigarh-maharashtra" source="keywords">Chandigarh, Maharashtra</keyword>, and <keyword id="19896016" type="General" weightage="20" keywordseo="new-delhi" source="keywords">New Delhi</keyword> also have over 30 per cent share of women in assets under management. Most female MF investors continue to invest through the regular plan route and stay invested for longer when investing through a mutual fund distributor. The number of women MF distributors has also increased and was near the 42,000-mark as of December 2023 with their total AUM (assets under management) of over Rs 1 lakh crore. Releasing the report, Buch said women can lead and champion the right investment causes by leveraging their perspectives, advocating for inclusive decision-making processes, and fostering environments where diverse voices are heard and valued. <keyword id="20911259" type="General" weightage="20" keywordseo="navneet-munot" source="keywords">Navneet Munot</keyword>, Amfi chairman, said the increasing participation of women in <keyword id="19975903" type="General" weightage="20" keywordseo="mfs" source="keywords">MFs</keyword> is a testament to their growing economic empowerment and greater financial literacy. According to <keyword id="20111053" type="General" weightage="20" keywordseo="venkat-chalasani" source="keywords">Venkat Chalasani</keyword>, Amfi chief executive, increase in the number of women distributors shows their ability to make financial decisions for themselves and guide others reflecting a growing confidence and financial awareness among women.

Women investors' share in MFs grows from 15% in March 2017 to 21% in December 2023

<ul><li>The 30-share BSE index was trading 301 points higher, and the broader NSE Nifty gained 0.64% on Tuesday at 10:07 am. </li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian equity indices opened at record highs on Tuesday, playing catch-up with overseas gains after a long weekend. News that US drugmaker Moderna’s coronavirus vaccine was 94.5% effective in preventing infection is adding to the gains on Dalal Street. The 30-share BSE index was trading 301 points higher, and the broader NSE Nifty gained 0.64% on Tuesday at 10:07 am. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Steel </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BPCL </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hero Motocorp </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dr Reddy </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HCL Tech </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IndusInd Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Auto </td></tr></tbody></table>*as of November 17, 10:06 am These are the top stocks in news today. Tata Steel tops over 6% The shares of Tata Steel rallied over 6% hitting the 52-week high of ₹523. This came after the company in a separate statement informed stock-exchanges that it has plans with respect to its operations in Europe. The company has initiated discussions with Sweden-based SSAB on the potential sale of Tata Steel Netherland business, including Ijmuiden steelworks. Tata Steel said it has also initiated the process to separate Tata Steel Netherlands and Tata Steel UK and will pursue separate strategic paths for the Netherlands and the UK businesses in the future. BPCL plunges over 4% The shares of BPCL plunged over 4% even though it completed its first phase of the privatisation process on Monday with several suitors submitting Expressions of Interest (EoI) for the state-run oil major. However, Reliance Industries as well as supermajors Saudi Aramco, BP and Total did not make a bid for BPCL. Reliance Industries opened 4% higher The shares of Mukesh Ambani owned Reliance Industries’ opened 4% higher after its retail arm has picked up 96% stake in online furniture retailer<a href="https://www.businessinsider.in/retail/news/reliance-retail-acquires-urban-ladder-for-182-crore-at-a-sixth-of-the-startups-peak-valuation-in-2018/articleshow/79230550.cms"> Urban Ladder</a> for over ₹182 crore. The company said this acquisition would help Reliance Retail in bolstering its presence in the fast-growing e-commerce segment and widening the bouquet of consumer products provided by it as it looks to compete with e-commerce majors like Amazon and Flipkart. HDFC Asset Management Company gains over 2% The shares of HDFC Asset Management Company gained over 2% after its board of directors has approved the appointment of Navneet Munot as its next managing director and chief executive officer, succeeding Milind Barve. Munot was the chief investment officer of SBI Funds Management. NBCC India trades 2% higher The shares of state-owned construction firm NBCC opened 2% higher after the company said it had bagged business orders worth ₹1,165.52 crore last month. Larsen &amp; Toubro gain over 2% The shares of Larsen &amp; Toubro gained over 2% after the engineering and construction giant Larsen &amp; Toubro emerged as the lowest bidder for a ₹3,200 crore project to build a road bridge over the Brahmaputra river, according to an NHIDCL official. It will be one of the longest road bridges over a river in the country and on completion will connect two eastern states - Assam and Meghalaya. SEE ALSO:<a href="https://www.businessinsider.in/science/health/news/moderna-says-its-coronavirus-vaccine-is-94-5-effective-against-covid-19-a-crucial-victory-in-the-fight-against-the-pandemic/articleshow/79247349.cms" data-type="tilCustomLink"> Moderna says its coronavirus vaccine is 94.5% effective against COVID-19, a crucial victory in the fight against the pandemic</a> <a href="https://www.businessinsider.in/stock-market/news/dow-soars-375-points-to-near-record-as-modernas-vaccine-update-boosts-investor-optimism/articleshow/79249468.cms" data-type="tilCustomLink">Dow soars 450 points to new record as Moderna's vaccine update boosts investor optimism</a>

Market hits record high, Sensex breaches 44,000 — these are the top movers today

New Delhi, Mar 17 () SBI Funds Management, a joint venture between India's largest bank SBI and European asset manager Amundi, on Tuesday said it has adopted stewardship code which requires the fund house to monitor its investor companies and establish voting policies. In doing this, SBI Mutual Fund has become the first fund house to implement the stewardship code in India. This is aimed at complying with markets regulator Sebi's directive, which mandated all mutual funds and alternative investment funds in the country to adopt a stewardship code, which is applicable for investments in listed equities. The code will come into force from April 1, 2020. Under the code, institutional investors need to monitor investor companies and intervene in these firms in case of any requirement through meetings with the management. Also, they need to have a policy on voting and disclose the voting behaviour. In a statement, SBI Mutual Fund said the stewardship code which they have adopted highlights the stewardship responsibilities undertaken by the fund house to actively monitor, engage with and intervene, if needed, in the companies under its coverage. "We have a fiduciary duty to create long-term value for all our stakeholders. The stewardship code gives an insight into the AMC's strong ESG (environment, social and governance) integration initiatives and firm resolve to take decisions in the best interest of its unit holders," said Navneet Munot, ED and Chief Investment Officer at SBI MF. "The AMC (asset management company) shall continue to monitor and engage constructively with its investee companies on matters related to environmental footprint, social impact and governance," he added. SP ANSANS

SBI Funds Management adopts stewardship code as mandated by Sebi

NEW DELHI: Analysts at Dalal Street see India in a multi-year <keyword id="72589" type="UNKNOWN" weightage="60" keywordseo="bull-market">bull market</keyword>, which may push the <keyword id="6484188" type="CITY" weightage="80" keywordseo="Sensex">Sensex</keyword> level to much debated 100000 in the next 10 years, supported by earnings growth, economic revival and reform push by the new government. 
 
The benchmark index Sensex has managed to rally 420 per cent or a little over 21,500 in the last 10 years. But can it triply from here in the next ten years? That remains to be seen. However, analysts are not giving up hopes just yet. 
 
“India has a long way to go. The ingredients for a sustained bull market are very much in place and there is a good amount of visibility that we will at least go back to the long range profit growth of 14-15 per cent,” said Navneet Munot, CIO, SBI Mutual Funds. 
 
“Considering the fact that valuations are reasonable and if India Inc can deliver growth of around 15 per cent per annum, which is not an unreasonable expectation over a long period, the Sensex can hit 1,00,000 in 10 years,” he added. 
 Year 2014 has been eventful for the Indian markets, pushing them up by over 25 per cent, with both the Sensex and the <keyword id="6354813" type="COMPANY" weightage="80" keywordseo="nifty">Nifty</keyword> touching record highs on the back of improving domestic macros, supportive global liquidity and the expected governance improvement in India after the last general elections. 
 
The macro-economic data is looking positive, the economic activity is expected to gather steam by 2015 and GDP growth rate might hit near the 7 per cent mark in the next two years. 
 
However, Munot is not the only one who is optimistic about the Indian markets. Back in the month of June, Varun Goel of Karvy also predicted the level of 100000 for the Sensex in the next six years. 
 
“We see 2014 bringing a new bull cycle into existence. A strong export sector, revival in investment activity, continued recovery in the US &amp; a stable Euro area are significant positives for equity markets. With domestic macro-economic data also on the mend, we are aggressive buyers of the Indian equity,” said Varun Goel, Head PMS, Karvy. 
 From an equity market stand-point, macro-economic revival in India will open opportunities to make strong returns in the next few years. Goel expects a GDP growth of 6 per cent in FY15 and believes that the <keyword id="34412" type="ORGANIZATION" weightage="100" keywordseo="economy">economy</keyword> will see a revival of growth and earnings cycle from there on. 
 
“For FY15, we expect a Sensex EPS growth of around 15 per cent and believe that earnings growth for the new five to six year business cycle should be at least 20%, considering the economy will revive from a very low base,” he added. 
 
Goel is of the view that a multiple rerating is also possible as cost of equity goes down in the next few years with the decrease in risk-free rate. An earnings growth between 20 and 25 per cent and multiple rerating from 15x to 16-17x in the next few years can lead to a 25% compounding of the Sensex returns, which will take it to 100,000 levels by calendar year 2020, he explains. 
 
<div style="page-break-after: always;">
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Economic revival key for earnings growth: 
 
The Indian markets have got support from strong inflows from foreign institutional investors who have pumped in over $26 billion in the Indian market so far in the year 2014. 
 
FIIs are betting big on the Narendra Modi-led BJP government as they see it initiating reforms to spur economic growth, remove bottlenecks and aid investment activity. 
 <keyword id="71" type="POSITION" weightage="100" keywordseo="Prime-Minister">Prime Minister</keyword> <keyword id="6354477" type="PERSON" weightage="60" keywordseo="Narendra-Modi">Narendra Modi</keyword> is about to finish his first 100 days in office, but India Inc CEOs are convinced an economic revival is around the corner. 
 
A majority of 50 CEOs polled by ET are preparing to make fresh investments and are also stepping up hiring, all in anticipation of a 6-8% GDP growth most feel is possible over the next three years. 
 
The results of the exclusive ET Poll suggest that after years of uncertainty and inaction, India Inc is now preparing to re-ignite its growth engines. The poll shows 74 per cent of CEOs are already seeing demand pick-up, 80 per cent have made new investment decisions or are likely to do so soon and two-thirds are now stepping up hiring. 
 
Earlier this week, global brokerage firm Nomura, which sees nearly 15 per cent upside in the Sensex in the next one year, revised its FY16 real GDP growth forecast to 6.8 per cent YoY vs. 6.5 per cent previously. 
 
Of the many variables that make up the market’s macro ecosystem, growth is unarguably the most important, largely because its relationship with the market is quite unequivocal and straightforward. 
 
“Rising growth is strongly correlated with a re-rating of the market’s earnings multiple, while falling growth is strongly correlated with a de-rating of the market’s earnings multiple,” added the Nomura report, authored by Sonal Varma and Aman Mohunta. 
 
So, is a 15 per cent earnings growth possible if the economy turns around? 
 It is very much possible provided global environment remains stable, the Reserve <keyword id="6355303" type="CITY" weightage="100" keywordseo="Bank-of-India">Bank of India</keyword> eases key policy rates which would help in kick starting investment cycle for India Inc’s control on inflation and policy push. 
 
Despite so many negatives plaguing the economy, corrective measures by the new government can quickly revive growth. The growth rebound to those levels can take place quickly by reviving the investment demand. Once that has been achieved, the more difficult path of reclaiming the 7-8 per cent growth can start. 
 
“While 15 per cent earnings growth rate does not look difficult, the fact is we have not had three years of 15% plus earnings growth rate except in the period of 2003 to 2008,” said Anoop Bhaskar, Head-Equities, UTI AMC. 
 
“We need to get the right kind of macro factors in place for you to deliver that number on a consistent basis. Of course, we can get two years or three years, but to get it for the next six-seven years in a row requires that we have in place macro factors which remain fairly comfortable and positive,” he added.

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Women investors' share in MFs grows from 15% in March 2017 to 21% in December 2023

PTI

Market hits record high, Sensex breaches 44,000 — these are the top movers today

Navdeep Yadav

SBI Funds Management adopts stewardship code as mandated by Sebi

PTI

India In Multi-Year Bull Market; Sensex Seen At 1,00,000 In 10 Years

Economic Times

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