Mutual funds' assets increases to Rs 28.2 lakh crore in October
Mutual funds' assets increases to Rs 28.2 lakh crore in October
BusinessToday.In
- Nov 10, 2020,
- Updated Nov 11, 2020 10:58 AM IST
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Net assets under management (AUM) of mutual funds increased to Rs 28.2 lakh crore in October from Rs 26.9 lakh crore in September 2020. This translated into a rise of 5.1 per cent.
Story: Niti Kiran
Design: Pragati Srivastava
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The number of mutual fund schemes fell to 1,742 in October from 1,753 in the preceding month.
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The number of folios increased to 93.7 million from 93.3 million at the end of September 2020.
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Mutual funds mobilised Rs 6.4 lakh crore in October 2020 compared to Rs 6.6 lakh crore in the earlier month. They saw redemptions of Rs.5.4 lakh crore during the month.
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The industry saw net inflows during the month amounting to Rs 98,575.9 crore compared to outflows close to Rs 52,091 crore in September.