Market rally added Rs 2.25 trillion to mutual funds in June, says industry body
5 months, 2 weeks ago

Market rally added Rs 2.25 trillion to mutual funds in June, says industry body

New Indian Express  

Driven by the continuing inflows into equity funds especially through the SIPs route, the overall assets under management of the mutual fund industry crossed the Rs 60-trillion milestone and touched Rs 61.16 trillion in June, an increase from Rs 58.91 trillion in the previous month, on the back of a record 7 percent rally in the equity market. Equity mutual fund inflows have surged 83.42 percent to a record high of Rs 34,697 crore in May. Inflows into equity mutual funds surged by 17 percent to Rs 40,608.19 crore in the month, a fresh high according to the latest data released by the Amfi on Tuesday. The net inflow into equity mutual funds had surged by 83.42 percent to a record high of Rs 34,697 crore a month ago.

History of this topic

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