This year seems to have really kicked off for Mutual Funds. Especially Equity Mutual Funds, which have recorded a Rs. 86,816 cr. worth of inflows for the current Financial Year till November end. This includes inflows into already existing Mutual Funds, as well as new entrants. All the data used here was taken from AMFI’s website . In the 8 months of FY15 till the end of November, the amount of inflows into Equity Mutual Funds are at an all-time high. For the same period in previous years, the inflows pale in comparison to this year’s collection. Before this year, FY 2008 was the best year for Equity Mutual Funds, with a near Rs. 1.2 lakh crores in inflows for the whole year. On a comparison, even for that year, until November the inflows were Rs. 68,752 cr. Since FY 2008 onwards, inflows were on the down. However, for the month of November this year, Net Inflows into Equity MFs (gross inflows less redemptions) was lower than in September and October.… (Read On…)
[via Capital Mind]
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