MF Strikes Right Chord with Investors, Clocks Inflow of Rs 1.02 Lakh Cr in July

Latest Updates 157 views

In what could give mutual fund industry the much needed lift after a poor market sentiment that triggered outflows of Rs 21,535 crores in June, the net inflow in various mutual fund schemes touched a whopping figure of Rs 1,02,720 crores in July, as per the latest data of the Association of Mutual Funds in India (AMFI), the industry body of mutual fund. The investments were mainly driven by the inflows in liquid and income funds. With the latest accomplishment, the overall net inflow in mutual fund schemes surpassed Rs 1.93 lakh crores in April- July of FY 2016-17. However, the net inflow recorded is lower than Rs 2.05 lakh crores achieved in the same period a year ago.

Fund-wise Inflows

The liquid or money market funds registered a net inflow of Rs 54,212 crores, followed by income funds, equity & equity linked schemes and others with Rs 43,913 crores, Rs 2,500 crores and 2,095 crores, respectively, in July. Incidentally, inflows in debt mutual funds reached a 6-year high of Rs 43,913 crores. As a result, the asset under management (AUM) of debt funds rose by 8.5% month-on-month to a record level of Rs 6.7 trillion in July.

FundsInflows
Liquid or Money Market FundsRs 54,212 Cr
Income FundsRs 43,913 Cr
Equity & Equity Linked SchemesRs 2,500 Cr
Other SchemesRs 2,095 Cr
People Also Look For  SBI Home Loan Rate Cut - Get Your Loan at 8.35% Now

Personal Loan Interest Rates June 2018
Bajaj Finserv 10.99% - 16.00%
Fullerton India 14.00% - 33.00%
HDFC Bank 11.25% - 21.25%
ICICI Bank 10.99% - 18.40%
IndusInd Bank 10.99% - 16.00%
Kotak Bank 10.99% - 20.99%
RBL 13.00% - 18.00%
Standard Chartered Bank 10.99% - 14.49%
Tata Capital 10.99% - 18.00%
Home Loan Interest Rates June 2018
State Bank of India/SBI 8.45% - 9.00%
HDFC 8.50% - 9.15%
Bank of Baroda 8.45% - 9.45%
LIC Housing 8.45% - 8.90%
PNB Housing Finance 8.40% - 8.99%
ICICI Bank 8.50% - 9.05%
Axis Bank 8.40% - 8.75%
Citibank 8.40% - 9.20%
Indiabulls Housing Finance Limited 8.50% - 10.80%
Kotak Bank 8.60% - 8.70%
DHFL 9.05% - 9.95%
Reliance Home Finance 8.75% - 10.00%
EMI Calculator