Begin typing your search...
Mutual funds’ asset base hits Rs 27 lakh crore
Mutual fund industry saw its assets base surpassing Rs 27 lakh cr-mark in November-end on the back of inflows in debt-oriented schemes including banking and PSU funds, which have a high allocation to highest rated bonds.
By
migrator
migrator
New Delhi
The 44-player industry logged an assets under management (AUM) of Rs 26.33 lakh cr in October-end, as compared to Rs 27.04 lakh cr by November end, representing a growth of 3 per cent, according to data from the Association of Mutual Funds in India (Amfi).
Mutual fund houses witnessed an overall inflow of Rs 54,419 cr last month as compared to Rs 1.33 lakh cr in October.
Fund managers attributed growth in the asset base to strong inflows of around Rs 51,000 cr in debt-oriented schemes.
Among debt-oriented schemes, overnight funds – invest in securities with a maturity of one day – received flows worth about Rs 20,650 cr, the highest among the fixed-income segment last month.
Banking and PSU funds received funds to the tune of Rs 7,230 cr, while Rs 6,938 cr was infused in liquid funds.
Visit news.dtnext.in to explore our interactive epaper!
Download the DT Next app for more exciting features!
Click here for iOS
Click here for Android
Next Story
