The assets under management of the industry breaches Rs 7 lakh crore mark in February
Mumbai: Equity schemes have attracted a lot of retail attention in the month of February with net inflows touching a whopping Rs 2,495 crore, up by 183 per cent from January which saw net inflows to the tune of Rs 881 crore.
Equity linked savings schemes which were aggressively promoted by fund houses saw net inflows of Rs 348 crore. Other ETFs mopped up Rs 480 crore. Gilt funds, which invest in government securities, saw net outflows of Rs 271 crore in the month of February 2011. The industry’s AUM increased from Rs 6.91 lakh crore in January to Rs 7.07 lakh crore in February.
