News From Press Investment in equity MFs surge 5-fold to Rs 94,151 cr in June qtr amid robust eco environment

Investment in equity MFs surge 5-fold to Rs 94,151 cr in June qtr amid robust eco environment

Source: ET 3 hours ago

Investment in equity mutual funds surged over five-fold to Rs 94,151 crore in the June 2024 quarter against Rs 18,358 crore a year ago, driven by a strong economic environment, supportive government fiscal policies, investors confidence and robust stock return. This has also pushed the industry's assets under management (AUM) by 59 per cent to Rs 27.68 lakh crore in June from Rs 17.43 lakh crore a year ago, data from the Association of Mutual Funds in India (AMFI) showed.

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