Latest News
-
Bajaj Group Stock Declares Rs. 60/Share Dividend: Buy Ahead of Record Date On 28 June? -
Rs 45/Share Dividend: Record Date In Due Course; Buy The IT Stock For Dividend Eligiblity? -
175% Dividend: TATA Group Stock Declares Q4 Results; Buy The Rekha Jhunjhunwala Portfolio Stock? -
2:15 Bonus: Tata Group's Penny Stock Below Rs 90, Gives 2,821% Returns In 5 Years: Announces Q4 Report Card -
Rs. 240/Share Dividend: May 7 Fixed As Record Date; Buy The IT Stock To Be Eligible? -
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy
AUM Of Mutual Fund Companies Reaches High Of Rs 20 lakh Cr For July
Another milestone of Rs. 20 lakh crore has been reached by the mutual fund industry
Moved by fresh inflows in the debt and equity segment, the asset under management of mutual fund companies have rose to Rs. 20 lakh crore by the end of July. The data of Association of Mutual Funds in India (Amfi) shows increase to this value from Rs 18.96 lakh crore at the end of June.
The mutual fund industry that totals as many as 42 players reached the first milestone of Rs. 10 lakh crore in May 2014 and now in just three years time last month managed to just double its total assets under management.
In addition to inflows in the equity and fixed income segment, phenomenal SIP growth also brought cheers to the growing MF industry. Total inflow for the month ending July stood at Rs 63,504 crore.
"Indian MF industry is going through a very exciting growth phase and advertising campaigns started by Sebi and Amfi have helped in increasing penetration of mutual funds," Vidya Bala, Head of MF Research at Fundsindia.com said.
Liquid funds in comparison to the debt and income funds saw the total pullout of more than Rs. 19,500 crore.
Goodreturns.in
.
