Investors pumped in more than Rs. 70,000 crore in equity-oriented mutual fund schemes in 2016-17, making it the third successive year of net inflows.
The strong inflows have pushed the asset base of equity MFs by 41 per cent during the period under review.
Market players attributed the phenomenon to continuous participation from retail investors through systematic investment plans (SIPs), along with positive returns from equity funds and steps taken by asset management companies to create awareness among investors.
“2016-17 has been a golden year for the mutual fund industry as net inflows into equity MFs have been positive in each month without exception,” Bajaj Capital Group Director Anil Chopra said.
