Afternoon D & C Dedicated To Mumbai
Home > Business > MFs log Rs 62,000-cr inflows in Aug

MFs log Rs 62,000-cr inflows in Aug

Thursday, September 14, 2017

Investors have pumped in close to Rs 62,000 crore into various mutual fund (MF) schemes in August, driven by equity and money market funds.

With this, total net inflow in MF schemes has risen to Rs 2.2 lakh crore in the first five months (April-August) of the ongoing fiscal, as per the latest data available with Association of Mutual Funds in India (Amfi).

"The Indian mutual fund industry has been witnessing phenomenal growth since 2014. The last three years and especially 2016 have been characterised by large inflows into equity and balanced funds, with increasing participation from retail and HNI investors," Kaustubh Belapurkar, Director Manager Research at Morningstar said.

Bajaj Capital CEO Rahul Parikh said that Indian investors have now eventually assimilated mutual funds and the credit goes to awareness programmes and endeavours by regulators and asset management companies.

According to data from Amfi, investors have poured in a net of Rs 61,701 crore in MF schemes last month as compared to Rs 63,504 crore in July.

The latest inflow has been mainly driven by contribution from liquid funds and money market funds. Besides, investors continued to maintain bullish stance on the equity schemes.

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
 
Email:    
Comments:
 
 
I recently got married. It was an arranged marria
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)You will travel to sign new contract or conclude an earlier task. Good news arrives through mail or is conveyed over the phone. You will reap the benefits of the hard work and consistent efforts put in by you. Your efforts will be rewarded by perks and compensations. If you have been ill or out of sorts, you will be feeling better. You can expect friends and well wishers to get in touch to ask after you.
- Advertising -
First-of-Its-Kind Program from acclaimed Zicklin
The Real Estate Management Institute- REMI, after
eLearning trends will provide several pointers th
Read More