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

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
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Personal Loan Interest Rates December 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.50%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank12.00% - 17.00%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates December 2018
State Bank of India/SBI8.75% - 9.35%
HDFC8.80% - 9.70%
Bank of Baroda8.65% - 9.65%
LIC Housing8.85% - 9.05%
PNB Housing Finance9.00% - 13.00%
ICICI Bank9.10% - 9.35%
Axis Bank8.85% - 9.10%
Citibank9.00% - 9.85%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.90% - 8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 14.00%