AHMEDABAD: The yield of bulls to inventory markets combined from the developing investor confidence in stocks has swelled equity mutual funds’ kitty in Gujarat. The assets under management (AUM) of both equity-oriented mutual fund (MF) plans has spanned Rs 1 lakh crore from the country. Crossing this significant landmark in March, the resources of equity mutual funds around Gujarat climbed to Rs 1,00,438 crore at April 2021. The AUM climbed to Rs 1,00,231 crore at March from Rs 97,068 crore in February, reveal data gathered by the Association of Mutual Funds in India (AMFI). New inflows and also the growth in the strength value of the present investments because of a rise in stock markets also have helped push overall AUM of all equity-oriented mutual fund strategies, stated financial advisors. “With stock markets staying on a continuous trajectory, investors are now bullish on stocks and are investing in equity-linked mutual funds. Recent surge in stock markets has dented that the investor’s confidence farther on. With ongoing inflows, AUM has reached grade amount of Rs 1 lakh crore and is forecast to stay above that in May too,” said Jayesh Vithalani, an Ahmedabad-based monetary adviser. Regardless of the gloom and a general dampened sentiment triggered by the next tide of Covid-19 disorders, momentum in mutual fund holdings continued nicely in April, according to analysts. “SIP inflows continued so failed investments from high networth individuals (HNIs) and other retail merchants. In any case, there wasn’t any withdrawal by shareholders, unlike what has been seen since September this past year,” Vithalani farther additional. Financial advisers also clarified in March and April, salary increments were given to workers in certain industries and this fuelled the inflows in equity MFIs. The total AUM of mutual funds strategies across all types stood at approximately Rs 2.16 lakh crore in the April and March. The month of March, but saw optimistic increase in mutual fund investments within February over the back of a great performance by debt and equity oriented mutual funds,” stated fiscal analysts.
Guj:’ Equity mutual funds’ assets Crossover Rs 1L cr benchmark
