News From Press Net inflows into mutual funds in FY17 highest in at least 11 years

Net inflows into mutual funds in FY17 highest in at least 11 years

Source: Mint Apr 11, 2017

As bank deposit rates fell and stock markets rose, mutual funds in 2016-17 received the highest net inflows in at least 11 years, led by income and liquid schemes.

Net inflows in the fiscal year ended March rose 155.66% from a year before to Rs3.43 trillion, the highest since at least 2005-06 when the equity market was gaining traction, data from the Association of Mutual Funds in India (AMFI) showed. Data prior to 2005-06 was not available.

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