Nifty99000 100%

Sensex99000 100%

Article rating: 4.2
Article rating: 4.8
Article rating: 4.3
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: 4.0
Article rating: No rating
Article rating: 3.0


Equity mutual funds log Rs 1.7 lakh crore inflow in FY18

Author: PTI/Monday, April 9, 2018/Categories: Mutual Funds

Equity mutual funds log Rs 1.7 lakh crore inflow in FY18

New Delhi, April 9 - Investors pumped in over Rs 1.7 lakh crore in equity-oriented mutual fund (MF) schemes in 2017-18, making it the fourth successive year of net inflows, according to data from the Association of Mutual Funds in India (Amfi).

Strong inflows have pushed the asset base of equity MFs by 38 per cent to Rs 7.5 lakh crore during the period under review, the data showed.

The impressive inflow can be attributed to investor awareness campaign by the industry, role played by MF distribution platforms, demonetisation effect and strong retail participation from retail investors, especially from smaller towns, Harsh Jain COO at Groww, an online MF investment platform, said.

"Besides, investors are now shifting from traditional asset classes such as real estate and gold to financial asset class," he added.

Moreover, a sharp rise in systematic investment plans (SIPs) promoted more sustainable growth for the industry as more people moved away from the concept of large lump sum investments, said Jain.

According to Amfi data, equity funds, which also include equity-linked saving schemes (ELSS), saw net inflows of Rs 1,71,069 crore in 2017-18, much higher than Rs 70,3674 crore infusion in the preceding fiscal.

These funds had seen net inflows of Rs 74,024 crore and Rs 71,029 crore in 2015-16 and 2014-15, respectively. Prior to that, they had witnessed a withdrawal of Rs 9,269 crore.

The assets under management (AUM) of equity MFs scaled a record high of Rs 7.5 lakh crore at the end of March 2018 from Rs 5.43 lakh crore at March 2017-end.

The industry has seen an overall addition of 32 lakh new investors over the last one year, while the total number of folios grew by 1.05 crore or 26% during the period.

The SIP accounts grew by 70 lakh to 2.05 crore in the fiscal 2018. Besides, SIP contribution for the industry surged to Rs 6,425 crore in 2017-18, compared to nearly Rs 44,000 crore in the preceding fiscal.

Going ahead, Jain said that lower penetration of mutual funds in India will drive growth along with increasing levels of financial literacy.

Print Rate this article:
No rating

Number of views (159)/Comments (0)

rajyashree guha


Other posts by PTI
Contact author

Leave a comment

Add comment



Ask the Finapolis.

I'm not a robot
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest



The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free