Profit

Mutual Funds Industry Assets Base Hit Fresh High In August

 Share
EMAIL
PRINT
COMMENTS
Mutual Funds Industry Assets Base Hit Fresh High In August

ndustry experts attributed the monthly rise in assets base to inflows in income and equity categories.


New Delhi: Mutual fund industry's asset base rose to a fresh all-time high of Rs 15.6 lakh crore at the end of August, helped by strong inflows in income and equity segments.

The industry, comprising 42 active players, had an average assets under management of over Rs 15.2 lakh crore at July-end, which was also the previous high figure, the latest data of the Association of Mutual Funds in India (AMFI) showed.

Industry experts attributed the monthly rise in assets base to inflows in income and equity categories.

Besides, buoyant investor sentiment also helped in the growth of the assets under management, they added.

Overall inflow in mutual fund schemes stood at Rs 25,332 crore at the end of last month compared with an inflow of Rs 1.03 lakh crore at July-end.

Of this, income funds, which invest in a combination of government securities saw Rs 28,457 crore coming in while equity and equity-linked saving schemes witnessed an infusion of Rs 6,505 crore.

However, liquid fund witnessed a pull out of over Rs 13,000 crore during the period under review.

Mutual Funds are investment vehicles made up of a pool of funds collected from a large number of investors and invest in stocks, bonds and money market instruments, among others.

 


Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top