MUMBAI, 9th APRIL, 2020 (GPN): Commenting on the March 2020 Monthly Mutual Fund data, Mr N S Venkatesh, Chief Executive, AMFI said: “Unprecedented situations warrant equally unprecedented response, to help make the most of the crisis opportunity. This precisely sums up the retail investor riposte. Instead of exiting their investment in equity funds, retail investors have not only held on, but added more AUMs and Folios, through SIPs recording highest ever equity inflows at INR 11,722.74 crore, highest ever equity monthly mobilisation at INR 30,109.19 crores and record high annual SIP mobilisation of INR 1,00,084 crores during the last fiscal. On the Debt side, the decline in AUMs is on account of quarter end phenomena – banks maintaining capital adequacy norms and corporates fulfilling advance tax obligation, and these funds would return in April.” ENDS
Statement By Mr N S Venkatesh, Chief Executive, AMFI

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