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Monday, 25 December 2017

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Investors rush to mutual funds; asset base grows over Rs 6 trillion

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In a big surge, mutual funds have added over Rs 6 lakh crore to their asset base in 2017 and the uptrend is likely to continue in the new year, helped by a spirited promotion campaign by the industry and post- demonetisation resurgence of financial investment products.
The industry is looking at an increase of nearly 40 per cent to the total asset under management (AUM) as the year 2017 draws to a close, after attaining a record level of Rs 23 lakh crore at November-end itself -- up from Rs 16.46 lakh crore at the end of December 2016. The investor count is also estimated to have risen by over 1.7 crore during the year.
Moreover, the fund houses are expecting similar 'healthy' growth in AUM to continue in the new year as the penetration levels of mutual funds are still very low in the country and various reform measures initiated by the regulator Sebi should help too.
In 2017, the total asset base of all 42 active fund houses put together has surged by an impressive about 40 per cent. The growth was 24 per cent over the last five years.
The industry's AUM had crossed the milestone of Rs 10 lakh crore for the first time in May 2014 and in a short span of about three-and-a-half years, the asset base shot up more than two-fold to Rs 23 lakh crore in November-end.
This would be the fifth consecutive yearly rise in the industry AUM, after a drop seen for the two preceding years.
The spike in bank deposits and consequent decline in interest rates following demonetisation on November 8, 2016 has also helped mutual funds.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

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