India Business News: MUMBAI: The total assets managed by the mutual fund industry neared the Rs 45-lakh-crore mark by Juneend, helped by a rallying stock market and robust.
The new facility was launched against a backdrop where Systematic Withdrawal Plans lie shadowed by conventional investment options such as FDs, dividend plans for cash flow requirements, pension schemes, etc.
Apart from these, Sebi has put in place a framework for managing passive funds Exchange Traded Funds (ETFs) and Index Funds amid growing popularity of such funds as an investment product for retail investors.