1. Rise of equity mutual funds

Rise of equity mutual funds

Despite the volatility in the stock markets, equity mutual funds saw inflows for 18 consecutive month in October of Rs 6,269 crore.

By: | Published: November 10, 2015 12:07 AM

Despite the volatility in the stock markets, equity mutual funds saw inflows for 18 consecutive month in October of Rs 6,269 crore. The category’s assets under management (AUM) touched Rs 3,96,765 crore at the end of the month. In equity funds, assets of exchange traded funds crossed the Rs 100-billion mark after the Employees’ Provident Fund Organisation decided to invest 5% of its incremental inflows in the equity markets through ETFs. In debt, liquid funds saw a record inflow of Rs 1,03,306 crore in October, which drove AUM of this category by 55% to Rs 2,76,655 crore.

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