News From Press US-focused mutual funds corner most of the flows into international schemes

US-focused mutual funds corner most of the flows into international schemes

Source: Moneycontrol Aug 14, 2021

The number of folios in global funds has risen to 9.80 lakh as of July 2021, up from 5.22 lakh in December 2020, as per Association of Mutual Funds of India (AMFI) figures. Data from Morningstar indicates that schemes or fund of funds that invest in the US markets got the maximum flows in the first six months of 2021.

Destinations that investors prefer

Fund of funds that invest in US-based schemes or exchange-traded funds got net inflows of around Rs 5,174 crore.

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