AMFI has launched a campaign to increase interest in the mutual fund distribution industry. The project, called "Mutual Fund Distributor Karein Shuru?", intends to elevate the standing of MF distribution and make it a successful economic venture. AMFI will also run ads on newspapers and websites. AMFI will create leads and train them to become mutual fund distributors through this website.

According to the Association of Mutual Funds in India (AMFI), equity mutual fund schemes saw a 16.3% decline in net investor flows to Rs 15,497 crore in Jun 2022 as volatility in stock markets hammered market sentiment. Debt plans experienced net outflows of Rs. 92,000 crore. This was brought on by institutional and corporate investor withdrawals at quarterNulls end for early tax payments, as well as the mark-to-market effects of rising interest rates on debt schemes.

SEBI has discontinued the use of pool accounts for mutual fund transactions by online platforms, stockbrokers, or distributors has been discontinued, and two-factor authentication is now required in order to conduct a transaction.

According to Association of Mutual Funds in India (AMFI), the number of systematic investment plan (SIP) accounts stood at an all-time high of 5.54 crore as of Jun 30, 2022. The monthly contribution to SIPs fell negligibly to Rs. 12,275.79 crore as on June 30, 2022 from Rs 12,286.42 crore as of May 31, 2022. The net AUM for the mutual fund industry rose 6% YoY to Rs. 35.64 lakh crore as of Jun 30, 2022.

According to Association of Mutual Funds in India (AMFI) data, the domestic industryNulls average AUM rose 14% YoY to Rs 37.75 lakh crore in the quarter ended Jun 2022 from Rs 33.2 lakh crore at the end of Jun 2021. The rise came due to sustained inflows in equity schemes by way of SIPs (Systematic Investment Plans) and lumpsum investments. During quarter ended Mar 2022, the asset base of the industry was at Rs 38.38 lakh crore.

SEBI has discontinued the use of pool accounts for mutual fund transactions by online platforms, stockbrokers, or distributors has been discontinued, and two-factor authentication is now required in order to conduct a transaction.

According to AMFI, the number of valid ARNs declined 10% to 1.05 lakh on Jun 30, 2022 from 1.16 lakh on Mar 31, 2022. The decline in ARN count is a result of multiple extensions in ARN renewal deadlines due to covid-19. The extensions made sure that even ARNs that expired after Mar 15, 2020, would still be valid until Mar 31, 2022. In Apr, AMFI finally started the process of invalidating expired ARNs.

ICICI Prudential Mutual Fund introduced ICICI Prudential Passive Multi-Asset Fund of Funds. The fund will invest in equities, debt, gold, foreign passive funds, and exchange-traded funds (ETFs). The schemeNulls cost will be limited at 1% of the total. The NFO subscription period begins on Dec 27 and ends on Jan 10, 2022.

According to the chairman of Securities and Exchange Board of India, domestic mutual funds are unable to invest in crypto-related items until the country passes legislation regulating such digital assets.

According to the Securities and Exchange Board of India (Sebi), Asset Management Companies (AMC) are prohibited from combining insurance or any other financial product with their mutual fund schemes.

SEBI has decided to mandate trustees of mutual funds to obtain the consent of unitholders when the majority of trustees decide to wind up a scheme. From FY24 onwards, the watchdog would make it necessary for mutual funds to meet Indian Accounting Standards (Ind AS) as part of modifying mutual fund legislation.

SEBI has given mutual funds permission to take new money in international schemes up to the USD 7 billion industry limit.