MF assets rose 30% in FY21, equities saw inflows in March

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The Common Property Underneath Administration (AAUMs) of the Mutual Fund (MF) business in FY21 touched a historic excessive of ₹32.17 lakh crore as on March 31, rising 30% over the earlier yr’s ₹24.70 lakh crore, as per annual knowledge launched by the Affiliation of Mutual Funds in India (AMFI).

After eight months of consecutive outflows, fairness mutual funds witnessed a web influx of ₹9,115 crore in March amid a correction within the inventory market.

Barring multi-cap and worth fund classes, all of the fairness schemes noticed influx final month. Nonetheless, traders pulled out ₹52,528 crore from debt mutual funds final month, after investing ₹1,735 crore in February, owing to advance tax funds and different year-end commitments. “Mutual Funds proceed to be the popular funding car to construct long-term, goal-based wealth creation, as is mirrored from the variety of distinctive traders throughout Mutual Fund schemes rising within the final one yr, by 10% to 2.28 crore as on March 31, 2021,” mentioned N.S. Venkatesh, Chief Govt, AMFI.

One other spotlight in the course of the pandemic-hit 2020-21 has been the rising acceptance for mutual funds from tier 2 and tier 3 areas, with Mutual Fund AUM from past the High 30 cities rising 54% to ₹5,35,373 crore as on March 31, he mentioned.

In the meantime, SBI Mutual Fund, a three way partnership between State Financial institution of India and France’s Amundi, mentioned it had turn into the primary fund home in India to cross ₹5 lakh crore in AAUM.

(With PTI inputs)


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