Latest Updates269 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.
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.
|Liquid or Money Market Funds||Rs 54,212 Cr|
|Income Funds||Rs 43,913 Cr|
|Equity & Equity Linked Schemes||Rs 2,500 Cr|
|Other Schemes||Rs 2,095 Cr|