Mutual Funds

MF NEWS

Equity mutual funds see `1.64 lakh crore net inflow in FY22 on strong SIP book

Strong SIP book and lower returns from traditional investments made equity mutual funds an attractive investment destination for investors with equity-oriented funds receiving a staggering net inflow of `1.64 lakh crore in 2021-22. This comes following a net outflow of `25,966 crore during 2020-21, data with Association of Mutual Funds in India (AMFI) showed. Going ahead, we expect the growing inflow trends in equity mutual funds to sustain given the current economic condition and markets, according to industry experts. According to the data, equity mutual funds witnessed a net inflow of`1,64,399 crore in the entire 2021-22. This included an all-time high inflow of 28,464 crore last month. Geopolitical tension due to the raging war between Russia and Ukraine and concerns over the surging crude prices triggered a sharp correction in the market towards the end of February and early March. The correction provided investors a good buying opportunity, which they didn't fail to capitalize. 

AMFI prescribes new benchmark for mutual fund schemes.

Industry body AMFI has prescribed a new benchmarking system for mutual funds for each of their schemes in a bid to standardize and bring uniformity in the benchmarks. It has listed out first-tier benchmarks for 67 types of mutual fund schemes. This includes categories of debt, equity, hybrid and solution-oriented funds, information available with the Association of Mutual Funds in India (AMFI) showed. This comes in the wake of guidelines issued by capital market regulator SEBI in October last year to bring uniformity in benchmarks of the schemes. 

(Source: The Economic Times, Cafe Mutual)