In March this year, the asset base of equity MFs stood at Rs 3.45 lakh crore.
Despite over 5% slump in the benchmark BSE Sensex in last one year, investors pumped in over Rs 78,000 crore into equity schemes.
Retail participation has shown a remarkable resilience to market volatility last fiscal, experts noted.
In April, equity and equity-linked saving schemes saw an infusion of Rs 4,438 crore, highest in 5 months. This was the highest net inflow since November, when equity mutual funds
witnessed an inflow of Rs 6,379 crore.
Market experts attributed the rise in inflow to investment in systematic investment plans (SIPs) and strong participation from retail investors.
SIP is an investment vehicle that allows investors to invest in small amounts periodically instead of lump sums. The frequency of investment is usually weekly, monthly or quarterly.
Total inflow in equity schemes has helped the 43 mutual funds reach Rs 14.22 lakh crore in AUM at the end of last month, from Rs 11.86 lakh crore till April 2015.
MFs are investment vehicles made up of a pool of funds collected from a large number of investors for the purpose of investing in stocks, bonds, money market instruments among others.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.