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Gujarat Rozgar Samachar Has Published Date 04/10/2017.This Is Weekly Magazine Of Various Recruitment & General Knowledge Quiz Available Now www.currentgujarat.in This Is Usefull Magazine Of All Students & All Candidates is Want To Jobs.
Equity mutual funds registered a record inflow of Rs 20,362 crore in August on strong participation from retail investors and steps taken by markets regulator Sebi to create awareness about such investment products.
This also marks the seventeenth straight month of inflows into equity schemes. Prior to that, such funds had witnessed a pullout of Rs 1,370 crore in March 2016.
The strong inflows have pushed the asset base of equity mutual funds (MFs) by more than 2 per cent to Rs 6.44 lakh crore at the end of August from Rs 6.3 lakh crore in the preceding month.
According to data of the Association of Mutual Funds in India (Amfi), equity funds , which also include equity-linked saving schemes (ELSS), saw net inflows of Rs 20,362 crore in August, higher than Rs 12,727 crore in the preceding month.
"The correction in equity markets in August failed to dampen the spirits of investors as equity mutual funds saw accelerated net inflows in the month. A strong SIP book and 'dip buying' by investors resulted in strong net inflows in equity funds ," Bajaj Capital CEO Rahul Parikh said.
This also marks the seventeenth straight month of inflows into equity schemes. Prior to that, such funds had witnessed a pullout of Rs 1,370 crore in March 2016.
The strong inflows have pushed the asset base of equity mutual funds (MFs) by more than 2 per cent to Rs 6.44 lakh crore at the end of August from Rs 6.3 lakh crore in the preceding month.
According to data of the Association of Mutual Funds in India (Amfi), equity funds , which also include equity-linked saving schemes (ELSS), saw net inflows of Rs 20,362 crore in August, higher than Rs 12,727 crore in the preceding month.
"The correction in equity markets in August failed to dampen the spirits of investors as equity mutual funds saw accelerated net inflows in the month. A strong SIP book and 'dip buying' by investors resulted in strong net inflows in equity funds ," Bajaj Capital CEO Rahul Parikh said.
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Rozgaar Samachar (Rojgar) 04-10-2017 @ www.gujaratinformation.net
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