During Quarter1, Mutual Fund Inflow Rises 43%
During the first quarter of the Fiscal Year 2018, it was observed that the investors have pumped Rs 1.4 lakh crore into mutual fund schemes. It was seen that there was a surge of 43 per cent from the year-ago period, driven by strong participation from retail investors.
Believing the data of Association of Mutual Funds of India, this inflow has also helped in pushing the assets base of the mutual fund industry to Rs 23.40 lakh crore at the end of June this year, an increase of 20 per cent from Rs 20.40 lakh crore in June-end 2017. AMFI had run the investor awareness campaign, in the name of ‘Mutual Funds Sahi Hai’, under Sebi guidance. This has generated a lot of interest among potential investors, who are now looking at mutual funds as a preferred investment option. This information was revealed by the Chief Executive of AMFI, N S Venkatesh.
As per the data revealed, the investors poured in a net of Rs 1,33,903 crore in mutual fund schemes in the first quarter of the ongoing fiscal, as compared to Rs 93,400 crore in the April-June period of 2017-18. The latest inflow has been mainly driven by contributions from liquid funds and equity schemes.