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  • News From Press MFs’ assets cross ₹20 lakh cr

    MFs’ assets cross ₹20 lakh cr

    Source: Business Line Sep 19, 2017

    The highest ever inflow of ₹20,362 crore in equity-oriented schemes of mutual funds has pushed the industry’s asset under management to ₹20.59 lakh crore in August.

    The net inflow into equity schemes more than doubled compared to last year, reflecting the structural uptrend driven by an improvement in financial savings and investors’ shift from physical to financial savings.

    With the latest cuts in bank deposit interest rates, investors are taking to the stock market through equity and balanced schemes. Net inflows through Systematic Investment Plans also hit an all-time high of ₹5,206 crore in August 2017.

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