Comments
The mutual fund industry saw assets under management return to over ₹12 lakh crore in May, mostly through inflows into equity and income funds, according to data released by the Association of Mutual Funds in India.
Income, equity and balanced funds saw the highest inflows, which, coupled with mark-to-market gains helped the industry’s strong show on the AUM front.
Liquid funds see outgoAlthough ridden with volatility, the benchmark CNX Nifty gained 3.1 per cent in May, after falling 3.7 per cent and 4.6 per cent in April and March, respectively.
However, money went out of liquid funds to the tune of ₹15,657 crore, while ETFs — gold and others — also witnessed outflow.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.