Mutual Funds Industry Saw Surge In May 2021, Says Report

Mutual funds trade grew in May 2021 by way of asset administration

The Association of Mutual Funds of India (AMFI) has mentioned that native mutual funds trade grew from Rs 32.43 lakh crore in April 2021 to Rs 32.99 lakh crore in May 2021 in phrases whole asset underneath administration.

According to the month-to-month information launched by the affiliation, fund mobilisation stood at Rs 1,98,000 crore in May 2021, in contrast Rs 2,50,000 crore in April 2021.

Net funds outflow was round Rs 45,000 crore, whereas as per the info, the fairness schemes witnessed inflows of Rs 10,082 crore in May 2021, a powerful progress over April 2021, when inflows have been solely Rs 3,437 crore.

The information additionally mirrored an necessary incontrovertible fact that as a result of ongoing Coronavirus pandemic, liquid funds witnessed a whole lot of demand as want for cash requirement surged because of rising hospitalisations, particularly within the month of May 2021.

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