Asset base of equity mutual funds climbs 72%
The asset base of equity mutual funds has surged 72 per cent to over Rs 3.25 lakh crore at the end of May as compared to the previous year on the back of retail investors pouring money into these schemes.
The industry’s equity assets under management (AUM) rose from Rs 1.89 lakh crore in May, 2014 to Rs 3.25 lakh crore in May this year, according to Association of Mutual Funds in India (AMFI).
Industry experts said equity markets have delivered positive returns which attracted retail investors into such schemes. “There has been change in sentiment over the past few months, especially after the general election’s verdict in May last year.
“We are witnessing a trend where more and more investors are coming back into financial assets. Positive investment returns have also attracted investors into equity segment,” said an industry expert.
Further, in last one year, equity schemes have witnessed a fund infusion of over Rs 88,000 crore. Inflow in equity schemes have helped the 44 mutual funds to cross Rs 12 lakh crore mark in assets under management (AUM) at the end of May.
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