INSUBCONTINENT EXCLUSIVE:
MUMBAI: The mutual fund industry added assets worth Rs 65,439 crore in January 2019, taking total assets under management to Rs 23.37 lakh
Categories such as income, liquid and equity funds saw positive inflows, while balanced and gilt funds saw outflows.
Retail investors
continued to pour money through systematic investment plans (SIP), with collections through this mode touching an all-time high of Rs 8,064
crore, a little more than the December collections of Rs 8,022 crore
The number of SIP accounts increased by three lakh to Rs 2.56 crore.
However, lump-sum investments into mutual funds slowed down
Retail assets, which include equity funds, balanced funds and ELSS funds, saw inflows of Rs 5,206 crore, the slowest in the last 30 months
group, DHFL and ADAG group companies were volatile, and some of them fell very sharply in January.
Retail investors continued to use mutual
the industry association.
The mutual fund industry also had to negotiate a series of regulatory reforms on the payment of commissions to
