Dedicated To Mumbai
Home > Business & Investment > MF assets hit record Rs 14.41 lakh cr in June quarter

MF assets hit record Rs 14.41 lakh cr in June quarter

Monday, July 04, 2016
By A Business Reporter

Mutual fund industry's asset base rose 6.5% to an all-time high of Rs 14.41 lakh crore in April-June quarter helped by strong participation from retail investors and robust inflow in equity schemes.

The industry, comprising of 42 active players, witnessed increase in average assets under management (AUM) to Rs 14.41 lakh crore in three months ended June 30, 2016, from Rs 13.53 lakh crore during January-March quarter, data available with industry body Association of Mutual Fund Industry (AMFI) showed.

Among the top five players, ICICI Prudential MF led the pack with asset base of Rs 1,93,296 crore (excluding Fund of Funds) followed by HDFC MF (Rs 1,92,776 crore), Reliance MF (Rs 1,67,009 crore), Birla Sun Life MF (Rs 1,49,093 crore) and SBI MF (Rs 1,19,878 crore). Growing participation from retail investors, huge inflows in equity schemes led to increase in the industry's assets base, market experts said.

Besides, inflows into systematic investment plans (SIPs) for equity schemes have been rising. SIP is an investment vehicle offered by mutual funds to investors, allowing them to invest using small amounts periodically instead of lump sums. The frequency of investment is usually weekly, monthly or quarterly.

Besides, mutual funds added nearly 7.85 lakh investor accounts in the first two months of the current fiscal, taking the total number of folios to a record 4.84 crore. "Markets being choppy, retail investors identified mutual funds as a preferred vehicle for investing in market-linked securities. Equity has performed well as compared to other asset classes, retail investors having flavour for equity have come onboard through the mutual fund route," Dinesh Khara Managing Director of SBI MF said.

No Comments Posted
City news
Everyone wants to do more for the environment ...
This year, the Western Railway Protection Force (
In all 111 SSC meritorious students from 50 ...
I am a mother of a three-month-old boy. He is my
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Select Sun sign:
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)Individual attention to your current assignments is imperative if you want your work done on schedule. You may have to rearrange your schedules at work and at home to cope with the heavy work onslaught. You may also have to find time for home and family affairs. Your love relationship gets too demanding for comfort and you may have to set things right. Act with tact to avoid a flare up.
Tarot for Love
Select Sun sign:
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)There is new energy coming that will bring freshness to your approach to life. Be balanced and positive. Don’t become reckless and arrogant. Libra will calm you down. Avoid Gemini who could confuse you. Your card for the week is the Tarot key no: I; The Magician. He gives you the wherewithal to forge ahead. You will achieve and win accolades.
- Advertising -
Naushina Shaikh, Fashion Stylist and Yoga Coach t
Practical training during the course of taking a
“A good teacher can inspire hope, ignite the imag
Read More