Mutual Fund assets at Rs 16.3 trillion in October ; SIP the new trend
DSIJ Intelligence / 07 Nov 2016
Retail investors are increasingly choosing the mutual fund route to park their savings and surplus cash. The Mutual fund industry’s asset base has increased to a new high, touching Rs 16.3 trillion as on October 31.The asset size has increased due to increase in fund flow into income funds and equity funds.
Retail investors are increasingly choosing the mutual fund route to park their savings and surplus cash. The Mutual fund industry’s asset base has increased to a new high, touching Rs 16.3 trillion as on October 31.The asset size has increased due to increase in fund flow into income funds and equity funds.
As per the latest data published by Association of Mutual Funds in India (AMFI) the average asset under management has increased to Rs 16.28 lakh crores in October from Rs 15.8 lakh crore at September-end.
Good market performance, increasing investor awareness aided by positive sentiment in the markets has facilitated the fund flows for mutual fund industry.
The inflows overall, in the mutual fund schemes stand at Rs 32,334 crore for October end compared with Rs 16,071 crore for September-end period.
Mutual funds are also popular due to the facility available with investors to invest in a systematic manner, which allows dollar cost averaging. SIP (Systematic Investment Planning) method of investing is gaining traction and bulk of money in mutual funds is expected to come into MFs via SIP route only.
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