Equity Linked Mutual Funds Record Net Inflow Of Around Rs 10000 Crore In May

This post was originally published on this site

The Association of Mutual Funds of India (AMFI) released its monthly data for May 2021, indicating that the local mutual funds industry witnessed impressive growth. The total average assets under management (AUM) of the industry surged from Rs 32.43 lakh crore in April 2021 to Rs 32.99 lakh crore in May 2021. Liquid funds saw fund mobilization of Rs 198000 crore in May compared to around Rs 250000 crore in April.

However, the funds witnessed an outflow of around Rs 45000 crore on net basis. The AMFI data showed that the equity schemes saw a total inflow of Rs 10082 crore. This marked an impressive rise compared to the figures in April, when the equity-linked mutual fund schemes’ saw net inflows of at Rs 3437 crore.

Powered by Capital Market – Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, June 10 2021. 12:21 IST

Related Posts