New Delhi: Investors have pumped Rs 1.4 lakh crore into mutual fund (MF) schemes in April-June quarter this fiscal, a surge of 43 per cent from the year-ago period, driven by strong participation from retail investors.
According to Association of Mutual Funds of India (Amfi) data, the inflow has also helped in pushing the assets base of the 42-player MF industry to Rs 23.40 lakh crore at the end of June this year, an increase of 20 per cent from Rs 20.40 lakh crore in June-end 2017.
The investor awareness campaign, 'Mutual Funds Sahi Hai', being run by Amfi under Sebi guidance, has generated a lot of interest among potential investors, who are now looking at MFs as a preferred investment option, Amfi Chief Executive NS Venkatesh said.
He further said, "MFs will continue to see strong inflows, despite the recent volatility. Inflows through systematic investment plan (SIP) from retail investors and flows from B30 (small) cities continue to remain robust".
According to the data, investors poured in a net of Rs 1,33,903 crore in MF schemes in the first quarter of the ongoing fiscal, as compared to Rs 93,400 crore in the April-June period of 2017-18.