The asset base of equity mutual funds (MFs) has
almost doubled to more than Rs. 3 lakh crore till February-end on the back of
retail investors pouring money into these schemes.
The MF industry’s equity assets under management
(AUM) rose from Rs. 1.57 lakh crore in February 2014 to Rs. 3.07 lakh crore in
February this year, according to Association of Mutual Funds in India (AMFI).
Industry experts said equity markets have
delivered positive returns which attracted retail investors into such schemes.
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| From ICICI PRU Mutual fund advt |
“There has been change in sentiment over the past
few months, especially after the general election’s verdict in May, 2014.
“We are witnessing a trend where more and more
investors are coming back into financial assets. Positive investment returns
have also attracted investors into equity segment,” said an industry expert.
Further, since April, 2014 equity mutual schemes
have witnessed a fund infusion of over Rs. 61,000 crore.
Inflow in equity schemes have helped the 45
mutual funds to cross Rs. 12 lakh crore mark in assets under management (AUM)
at the end of February.
Meanwhile, the benchmark BSE SENSEX has climbed
31% in the first 11 months (2014 April-February, 2015) of the current fiscal.
Besides, many investors are moving away from poor
performing asset classes like gold.
Gold ETFs have seen an outflow of Rs. 1,354 crore
so far in this fiscal.
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