News From Press Mutual funds attract new investors, add to their wealth in pandemic-ravaged 2020

Mutual funds attract new investors, add to their wealth in pandemic-ravaged 2020

Business Line Dec 28, 2020

For long mutual funds have been trying to attract investors as tools for contingency savings the year 2020 saw one of the most unexpected events unfold when the Covid-19 pandemic engulfed the entire world. After wild swings in a pandemic-ravaged year, the stock market finally appears to end with unusually high gains, which coupled with robust inflows in fixed income schemes helped mutual funds add a staggering ₹3.5 lakh crore to their asset base in 2020.

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