Technoglitch
Core Member
The mutual funds (MFs) sector has topped Rs 14 lakh-crore in assets under management (AUM), for the first time. April saw addition of Rs 1.4 lakh crore and the overall AUM at the month's close was Rs 14.22 lakh crore, shows data from the Association of MFs in India.
The total had slipped in March due to a net outflow of Rs 73,000 crore. The bulk of April flows were in liquid and money market schemes, where typically companies and financial institutions park their surplus liquidity. The outflow in March was due to the financial year's closing and related demand.
Notably, equity schemes again saw investor flows. After the first net outflow in march, after 22 months, these saw a Rs 4,438 crore net inflow in April.
“March was an aberration. Today's investors are much more mature and see equities with at least a three-year perspective. I believe the current year will continue to see some volatility but that should not deter investors. It's a year of investment before corporate earnings are back on track by FY18,” said Nimesh Shah, managing director of ICICI Prudential MF, the largest fund house.
Assets with MFs cross Rs 14 lakh cr at Apr-end | Business Standard News
The total had slipped in March due to a net outflow of Rs 73,000 crore. The bulk of April flows were in liquid and money market schemes, where typically companies and financial institutions park their surplus liquidity. The outflow in March was due to the financial year's closing and related demand.
Notably, equity schemes again saw investor flows. After the first net outflow in march, after 22 months, these saw a Rs 4,438 crore net inflow in April.
“March was an aberration. Today's investors are much more mature and see equities with at least a three-year perspective. I believe the current year will continue to see some volatility but that should not deter investors. It's a year of investment before corporate earnings are back on track by FY18,” said Nimesh Shah, managing director of ICICI Prudential MF, the largest fund house.
Assets with MFs cross Rs 14 lakh cr at Apr-end | Business Standard News
