Acknowledging the role of mutual funds as an important savings vehicle for investors, the Union Finance Minister Arun Jaitley has appreciated the significant growth in the mutual fund industry over the past few years.
He was speaking at SEBI’s board meeting held recently in Mumbai.
UK Sinha, Chairman SEBI had apprised the Finance Minister that the net inflows has been rising continuously for the four years. He said, “There has been tremendous rise in resource mobilization by the mutual fund industry during the last few years. It was noted that the asset under management (AUM) of the mutual fund industry had substantially gone up almost 2.5 times from Rs.7.01 lakh crore as on March 31, 2013 to Rs.17.37 lakh crore as on January 31, 2017. Similarly net flows to mutual funds have been rising continuously every year since 2013-14 and during 2016-17, the industry had received net flows of Rs.3.68 lakh crore, witnessing a massive rise of almost 2.75 times over the net flow figure of Rs.1.34 lakh crore during 2015-16.”
The FM also appreciated the efforts taken by SEBI towards enhancing the engagement in the social and digital media for investor education programs.
