Mr N S Venkatesh, Chief Executive, AMFI Quote on June 2020 Mutual Fund Data

Mr N S Venkatesh, Chief Executive, AMFI -Photo By GPN

images-6MUMBAI, 8th JULY, 2020 (GPN):  Speaking on the June 2020 Mutual Fund Monthly data, Mr N S Venkatesh, Chief Executive, AMFI said: “Reducing Interest rates, gradual unlocking of economic activity with expected return to normalcy has seen renewed buoyancy in markets leading to Mutual Fund AUMs crossing INR 25L crore mark for the first in the last three months of this fiscal, FY2020-21. With monthly SIP contribution at INR 7,927.11 crores, Mutual Fund SIP investors may have opted for pause facility and we should see SIP contribution surging in Q4CY20.” ENDS

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Sachin Murdeshwar
Sachin Murdeshwar is a Sr.Journalist and Columnist in several Mainline Newspapers and Portals.He is an ardent traveller and likes to explore destinations to the core.

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