Mutual Fund Monthly Newsletter – Dec 2016
MUTUAL FUND INDUSTRY SYNOPSIS
Indian Mutual Fund industry’s Avg. Assets under Management (AAUM) are at all time high 16.94 Lakh Crore (INR 16.94 Trillion
Average Assets Under Management (AAUM) of Indian Mutual Fund Industry for the mon th of November 2016 has crossed 16.94 lakh crore, while the Assets Under Management (AUM) as on November 30, 2016 stood at 16.50 lakh crore the highest ever AAUM/ AUM, so far. A five – fold increase in a span of less than 10 years .
LIC MF and Standard Chartered bank team up for UPI
LIC Mutual Fund Asset Management Company announced its readiness on Unified Payment Interface (UPI) in partnership with Standard Chartered Bank as mode of payment for its investors to invest in its schemes.
Equity mutual fund inflows at Rs 9,079 Cr in November
Equity mutual funds witnessed an inflow of Rs 9,079 crore in November mainly on account of optimistic investor sentiment.
This also marks the eighth straight month of positive inflow in equity schemes. Prior to that, such funds had witnessed a pull out of Rs 1,370 crore in March.
Market experts attributed the in flow to positive climate and optimistic environment in both equity and debt markets .
MUTUAL FUND INDUSTRY AUM
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