After witnessing net outflows in March, in April the mutual fund industry witnessed highest ever net inflows.
Investors added Rs 1, 85, 956 crore to the industry’s asset under management (AUM). According to data provided by Association of Mutual Fund of India (Amfi), net outflows worth Rs 1, 62,165 crore occurred in March. This was the highest ever net outflow, the previous high being in December 2009.
After witnessing the highest ever net outflows in March, the Income category saw the highest ever net inflows to the tune of Rs 1, 77, 773 crore in April. This category witnessed net outflows of Rs 1, 64,4,87 crore in March.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In April, one open-ended equity fund – IDFC Nifty Equity – was launched which mobilised Rs 4 crore. Four funds falling under the close-ended income category – Franklin Templeton Fixed Tenure Fund Series XII –Plan C, HDFC FMP 367D April 2010 (1) Series XII, Reliance Fixed Horizon Fund - XIV- Series 9 and XV-Series 4 -- were launched which mobilised Rs 604 crore.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
