MFs assets hit record high of Rs 9.16 trn in Feb: Crisil

FPJ BureauUpdated: Saturday, June 01, 2019, 03:08 PM IST
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Mumbai : The domestic mutual fund industry touched a new high in February, with a 1.45 per cent rise in assets under management, to a record of Rs 9.16 trillion on the back of inflows into income and equity-related funds, ratings agency Crisil said.

Interestingly, while liquid funds saw outflows during last month, equity funds registered inflows for fourth consecutive month. “The spurt was primarily due to inflows into income and equity-oriented funds. On the other hand, liquid funds saw outflows, which eroded higher gains for the industry assets,” the rating agency said. Income funds witnessed inflows of Rs 12,900 crore, taking the assets under this category, to Rs 4.48 trillion (Rs 4.48 lakh crore). “The inflows were primarily into fixed mature plans as investors continued to invest in the closed-end funds, lured by higher interest rates offered currently,” it said, adding, similarly, equity funds saw inflows for fourth consecutive month with Rs 582 crore addition in this category.

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