Equity-oriented funds drive MF assets to record high at ₹ 37.7 lakh cr: Report - News Summed Up

Equity-oriented funds drive MF assets to record high at ₹ 37.7 lakh cr: Report


Moreover, the net incremental inflow of ₹6.70 lakh crore in 2021 is also a record over the previous peak of ₹4.80 lakh crore in 2017, and ₹4.5 lakh crore in 2020. On the other hand, open-ended debt-oriented funds saw inflows of ₹2.01 lakh crore in 2020 even as equity-oriented funds saw net inflows of just ₹9,100 crore. While equity funds got net inflows of ₹91,000 crore, passive funds saw ₹1.14 lakh crore coming in and hybrid funds ₹1.02 lakh crore, with the latter two boosted by a spate of new fund offers, at 41 and 8 funds, respectively. Meanwhile, SIPs logged net inflows of ₹1.14 lakh crore in 2021, crossing the ₹1 lakh crore mark for the first time since Amfi started declaring this data. The number of SIP accounts also rose to 4.91 crore, accounting for ₹5.65 lakh crore of the industry's assets in December.


Source: Mint January 13, 2022 23:08 UTC



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