Ahmedabad: Assets under Management (AUM) Mutual Funds in Ahmedabad grew 13% to Rs 1.27 lakh Crore in September from Rs 1.21 Lakh Crore at the end of June this year, showing data provided by the Mace Association in India (AMFI).
Ahmedabad has the sixth highest mutual fund among all Indian cities.
In fact, out of the Crore Rs 2.57 Lakh Gujarat in September this year, the Lion 49.4% section came from Ahmedabad.
“Ahmedabad-based investors are more likely to invest in stock market investments and equity-related mutual funds compared to fixed income assets.
With a market index that is soaring, the value of the Mark-To-Market Investment Equity that is commonly grown,” said Mumukshu Desai, Director of the Financial Advisory Company Ahmedabad based.
Intractible by a good separate return, fresh inflows to equity markets are supported when investors are captivated by good returns as a result of the overall aum from the city growing, “said Mumukshu Desai, Director of the AHMedabad-based financial advisory company.” The inflows entered SIPS Stay good and consistent.
With greater awareness among young professionals, many of them have started their savings with SIPS which continues during the period.
In addition, with many new fund offers (NFO), both retail investors and high Networth individuals (HNI) invest in equity mutual funds, all of which encourage AUM growth in Ahmedabad, “said Jayesh Vithalani, a Ahmedabad financial consultant based.