Investors remained bearish on gold exchange-traded funds (ETFs) as they pulled out Rs 54 crore from the instrument in April, preferring equities over them.
Investors have pumped Rs 1.4 lakh cr into mutual funds in Apr,driving the industry asset base to a staggering Rs 23.25 lakh cr, a surge of 9% from preceding month.
Mutual fund (MF) houses have registered an addition of 1.6 crore investor accounts in 2017-18, taking the total tally to over 7 crore.
Smaller towns' asset base surged to Rs 4.27 lakh crore in 2017-18, up 38 per cent from the preceding financial year.
Retail investors are preferring SIP option for investing in mutual funds, with the industry garnering around Rs 67,190 crore through this route in 2017-18.
Investors remained bearish on gold ETFs as they pulled out Rs 835 cr from the instrument in 2017-18, making it the fifth consecutive financial year of outflow.
Investors pumped in over Rs 1.7 lakh cr in equity-oriented MF schemes in 2017-18, making it the fourth successive yr of net inflows, according to Amfi data.
Mutual funds' assets base surged to over Rs 23 lakh crore in 2017-18, adding Rs 4.75 lakh crore to the kitty.
Mutual funds industry has added 32 lakh new investors over the last one year mainly due to a spirited promotion campaign by the industry, a senior Amfi official said.
Sebi decided to reduce the additional expenses charged by mutual funds by 15 basis points to aimed at increasing penetration of such products among investors.
Gets 1 Observation For Karkhadi Unit From USFDA
USFDA Issues No Observation To Rabale Unit
USFDA Issues 3 Observations To Patalganga Unit
AU SMALL FINANCE
Temasek Arm to invest rs 1,000 cr in Bank Share, Warrant
INDIABULLS REAL ESTATE
Approves proposal of Buyback of up to 2.6 Cr Equity Shrs
Buyback Size 5.45% of existing paid-up share capital
Maximum Buyback Price proposed at Rs 240/Sh