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Mutual Funds log Rs1.4 Trillion inflow in April

 Investors have pumped Rs1.4 trillion into mutual funds in April, driving the industry asset base to a staggering Rs23.25 trillion, a surge of 9% from the preceding month.

In comparison, assets under management (AUM) of the mutual fund industry, comprising 42 players, were at Rs21.36 trillion in March-end, according to the latest update with Association of Mutual Fund in India (Amfi).

In addition, they added, investors are moving towards financial asset class for investment instead of buying traditional asset classes such as real estate and gold, which also helped in increasing the penetration of mutual funds.

 

The liquid funds or money market category-with investments in cash assets such as treasury bills, certificates of deposit and commercial paper for shorter horizon-witnessed an infusion of over Rs1.16 trillion.

Mutual funds are investment vehicles made up of a pool of funds collected from a large number of investors. The funds are invested in stocks, bonds and money market instruments, among others.

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