AMC & product-related updates
The mutual fund industry recorded slower growth in FY26. Total AUM rose to ₹73.73 lakh crore, an increase of around ₹8 lakh crore (about 12.2%). This was lower compared to growth of nearly 23% in FY25 and 36% in FY24.
Mutual funds reduced their cash positions during March. Cash holdings declined to ₹1.86 lakh crore, down ₹24,319 crore (12%) from ₹2.1 lakh crore in February, marking the lowest level since December 2024.
Regulatory & policy developments
The Insurance Regulatory and Development Authority of India has set up a subcommittee dedicated to health insurance, focusing on improving coverage, expanding penetration, and strengthening grievance redressal mechanisms.
Exchanges have extended the validity period for SME IPO approvals, following earlier relief for mainboard IPOs. This provides additional time for companies planning to raise capital.
India’s retail inflation stood at 3.40% in March, coming in below estimates, while food inflation increased sequentially.
Mutual fund & distribution signals
Foreign investor activity remained negative. FPIs sold ₹48,213 crore in April so far, taking total outflows in 2026 close to ₹1.8 lakh crore. This follows record outflows of ₹1.17 lakh crore in March.
Portfolio Management Services (PMS) industry continues to expand. AUM is projected to grow at a CAGR of 12–14% to cross ₹67 lakh crore by FY2030. As of December 2025, PMS AUM stood at ₹42 lakh crore, with a historical CAGR of 15.2% since March 2016.
The insurance distribution network remains large. The health insurance segment has over 17 lakh agents, while general insurance has close to 8 lakh agents as of December 2025.
Markets & sectoral trends
ndian equity markets witnessed a sharp sell-off on April 13, 2026, with the Sensex dropping over 700 points and the Nifty slipping below the 23,850 level.
The decline was triggered by escalating geopolitical tensions after US–Iran talks collapsed and a planned naval blockade in the Strait of Hormuz pushed crude oil prices above $100 per barrel.
Banking stocks came under selling pressure, with PSU banks leading the decline as rising crude prices fueled inflation and rate concerns.
Corporate actions, capital flows & business developments
Primary market activity continues. Multiple IPOs are lined up this week, including PropShare Celestia, Citius Transnet Investment Trust and Mehul Telecom. New listings such as Safety Controls & Devices and Emiac Technologies also entered the market.
Om Power Transmission raised ₹45 crore from anchor investors ahead of its IPO.
In the startup space, investors exited Turtlemint ahead of its IPO, with some stakeholders reporting significant returns.
SP Group has approached investors to extend debt maturity for Goswami Infratech.
NSE received government approval for name reservation of a proposed coal exchange, with an initial capital commitment of up to ₹100 crore.
Lightstorm is preparing for an IPO while also expanding its digital infrastructure footprint.
At the state level, Uttar Pradesh attracted ₹3,000 crore in tourism investment proposals.
Source: Moneycontrol, CNBC TV18, Business Standard, Cafemutual, EconomicTimes
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