Adding in 16 Trillion rupees in 2024, the mutual fund assets rise all-time high of 66.7 trillion rupees, as of August end. Here is few key check which give you overall summary about this article.
Key Checks :
- Mutual fund assets rise all-time high with 66.7 trillion rupees.
- 45% of Mutual fud assets contributes inflows to the Indian economy market
- Nifty mid-cap 100 and nifty samll-cap 100 roe 0.9% and 0.5%, in the august.
“The robust net inflows into NFOs (new fund offers) points towards their continued appeal among investors,” said Himanshu Srivastava, associate director of manager research at Morningstar Investment Research India.
“However, investors should be cautious while selecting funds specially from the sector/thematic category. Such funds offer a very high-risk high return investment proposition and may not fit in the portfolio of every investor,” Srivastava added. by Reuters
Inflows of mutual fund assets rose 3% to 382.39 billion rupees in August. Just shy of the record high of 406.08 billion rupees hit in June, according to data from the Association for Mutual Funds in India on Tuesday.
India’s equity index will increase by 15.5% in 2024, after rising 20% in the last year 2023.
The benchmarks, helped by rising equity inflows, gained about 1.1% in August. Investor interest in large-cap funds increased, with inflows into the segment nearly quadrupling sequentially to 26.87 billion rupees, the highest since March 2022. by reuters