MF assets rose 30% in FY21, equities saw inflows in March
The Hindu
But investors pulled out ₹52,528 crore from debt mutual funds last month
The Average Assets Under Management (AAUMs) of the Mutual Fund (MF) industry in FY21 touched a historic high of ₹32.17 lakh crore as on March 31, rising 30% over the previous year’s ₹24.70 lakh crore, as per annual data released by the Association of Mutual Funds in India (AMFI). After eight months of consecutive outflows, equity mutual funds witnessed a net inflow of ₹9,115 crore in March amid a correction in the stock market. Barring multi-cap and value fund categories, all the equity schemes saw inflow last month. However, investors pulled out ₹52,528 crore from debt mutual funds last month, after investing ₹1,735 crore in February, owing to advance tax payments and other year-end commitments. “Mutual Funds continue to be the preferred investment vehicle to build long-term, goal-based wealth creation, as is reflected from the number of unique investors across Mutual Fund schemes increasing in the last one year, by 10% to 2.28 crore as on March 31, 2021,” said N.S. Venkatesh, Chief Executive, AMFI.More Related News
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