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MF industry's asset base surges 21% to Rs 13.4 lakh crore in 2015

Strong participation from retail investors and robust inflow in equity schemes helped the mutual fund industry's asset base soar by 21.1 per cent to Rs 13.4 lakh crore in 2015.

Industry experts said heightened investor interest has led to a sharp increase in retail folios.
In comparison, equity fund managers' deployment in banking stocks stood at Rs 62,719 crore in October 2014.
LIC-Nomura MF was the first AMC to get Sebi approval and launched the open-ended G-Sec ETF last December.
In comparison, Foreign Portfolio Investors (FPIs) made a net investment of just Rs 16,674 crore during the period.
Industry insiders said mutual funds saw an outflow in MF schemes last month mainly on account of huge redemptions in liquid and money market funds.
The fact that they were net buyers when foreign portfolio investors sold shares marks a major shift in the way equities are being viewed in India.
Overall, a total of 120 draft documents have been filed with capital markets regulator Sebi to roll out new NFOs in the current fiscal so far.
According to data from the Association of Mutual Funds in India (Amfi), investors have poured in a net of Rs 1,34,564 crore in MF schemes last month.
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