• Rajasthan

    Cong 99
    BJP 73
    RLM 3
    OTH 24
  • Madhya Pradesh

    Cong 113
    BJP 110
    BSP 2
    OTH 5
  • Chhattisgarh

    Cong 68
    BJP 15
    JCC 7
    OTH 0
  • Telangana

    TRS-AIMIM 95
    TDP-Cong 21
    BJP 1
    OTH 2
  • Mizoram

    MNF 26
    Cong 5
    BJP 1
    OTH 8

* Total Tally Reflects Leads + Wins

Domestic MFs have got $18-bn of inflows in one year: Sikka

By: | Published: September 21, 2015 8:19 AM

Reliance Mutual Fund's CEO Sundeep Sikka today said domestic mutual funds in India have seen inflows worth USD 18 billion in the last one year.

reliance mutual fund, Sundeep SikkaReliance Mutual Fund’s CEO Sundeep Sikka today said domestic mutual funds in India have seen inflows worth USD 18 billion in the last one year. (Express Photo by Dilip Kagda)

Bullish over the growth prospects of Indian markets, top fund house Reliance Mutual Fund’s CEO Sundeep Sikka today said domestic mutual funds in India have seen inflows worth USD 18 billion in the last one year.

“This shows a renewed sense of optimism about Indian markets, where foreign investors also continue to repose faith,” Sikka told a gathering of institutional investors and fund managers here.

Sikka, who is also Chairman of mutual fund industry body AMFI, said there have been a lot of ambitious projects that have been launched, and Prime Minister Narendra Modi and Finance Minister Arun Jaitley have been travelling across the world to invite foreign investors.

“The stock markets have been at life time highs and the domestic institutional investors have invested huge amounts of money in the markets. While foreign investors are investing, domestic asset management companies have seen USD 18 billion of inflows in the last 12 months,” he said.

The summit organiser Asia Pacific Investors Cooperation (APIC) CEO Ana Sharp said it is a business platform created by and for Asian institutional investors including pension funds, sovereign wealth funds, government funds, social security systems, and insurance companies.

“These institutions represent APIC’s private membership. APIC covers 22 Asia Pacific markets and the members currently present here at the Summit represent USD 10 trillion worth of Assets Under Management,” she added.

Finance Minister Arun Jaitley delivered keynote address at the summit.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition