New Delhi: The share market, though had remained sluggish for the past few months, has accelerated momentum at the end of the year. Even so, the latest data reflects the faith of the investors in mutual funds as the mutual funds industry witnessed an overall sturdy inflow in equity and debt schemes. In the year 2019, the Assets Under Management (AUM) of Indian Mutual Fund Industry have reached an all-time high Rs. 27 lakh crore.
According to the data available with ‘Association of Mutual Funds in India’, the Mutual funds industry has registered an increase of Rs 4.2 lakh crore this year. The apex mutual fund body concludes that the mutual fund sector has seen a spectacular growth this year. Mutual fund companies have added Rs. 4.2 lakh crore to their asset base in 2019, which was Rs. 22.86 lakh crore in 2018. The industry’s Assets Under Management (AUM) now stands at Rs. 27 lakh crore.
Investors have shown greater reliance on debt-oriented schemes. However, the fluctuations and uncertainties in the stock markets have affected the equity investing funds. Investments in equity funds has been much lower compared to that of debt oriented schemes. The AMFI (Association of Mutual Funds in India) informed that equity and equity-linked saving schemes had seen inflows of ₹70,000 crores this year. However, last year, the investment in equity funds stood high at Rs 1.3 lakh crore.
Nevertheless, the mutual fund industry will continue to see an upward growth trajectory in the new year in the range of 17-18 per cent, claimed the ‘Association of Mutual Funds in India’. On the other hand, it appears that the share market has been gaining ground by the end of the year. The share market has reached the crucial 41,500 mark, which will keep up the momentum, increasing the inflow in equity funds in future,” expects N.S Venkatesh, the CEO of ‘Association of mutual funds in India’.
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