News From Press MFs add over Rs 4 lakh crore to asset base in 2019, expects momentum to continue in New Year

MFs add over Rs 4 lakh crore to asset base in 2019, expects momentum to continue in New Year

Source: The Economic Times Dec 26, 2019

Mutual funds have added a staggering over Rs 4 lakh crore to their asset base in 2019 and the industry expects the growth trajectory to continue in the new year on the back of strong inflows in debt schemes and measures taken by regulator Sebi for boosting investors' confidence. It was because of strong inflows into debt-oriented schemes that saved 2019 from being a "dark-dull year of investing" as inflows into equity funds has dropped this year due to a volatile market.

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