Investors pumped in a record Rs. 3.43 lakh crore into mutual funds (MFs) in 2016-17 mainly into income and liquid schemes.
According to the Association of Mutual Funds in India (AMFI) data, Rs. 3,43,049 crore was invested in these schemes last fiscal ended March 31, more than double that of Rs. 1,34,180 crore seen in 2015-16.
This was the highest investment in MF schemes since 1999-2000. The data for the entire fiscal prior to this period is not available with AMFI.
“Financial year 2016-17 has been a golden year for mutual fund industry and much of the credit can be given to maturity of retail investors who have come up in the ‘learning curve’ by contributing 1.3 crore monthly systematic investment plans,” Bajaj Capital Group Director Anil Chopra said.
