News From Press Monthly inflows into MFs likely to grow over 30% in FY20: AMFI chief

Monthly inflows into MFs likely to grow over 30% in FY20: AMFI chief

Source: BusinessLine Aug 25, 2018

NS Venkatesh, Chief Executive Officer, AMFI, on Friday said the average monthly collection through systematic investment plans in mutual funds is likely to grow by over 30 per cent to Rs. 10,000 crore a month beginning FY20.

According to data available on the Association of Mutual Funds in India website, SIP inflows increased by nearly 53 per cent to Rs. 7,554 crore in July 2018, compared with Rs. 4,947 crore in July 2017.

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