News

Calendar 2017 saw markets clocking in new milestones with sensex logging best annual gains in recent 3 years.
Benchmark indices surged 29.5% returns amid volatility led by GST, Demonitisation and Geo political situations.
Equity remained the preferred asset class among investors with mutual fund route being the major drivers.
From the perspective of the MF industry too, this year has been nothing short of a dream run. It is, in my opinion, crossed an inflexion point and is becoming a vehicle of choice and a core asset within financial assets. As of November end, our Industry AUM had hit at an all-time high of Rs. 22.79 lakh crores (and would have grown further as this mail reaches you)! There have been net inflows to the tune of more than Rs. 3.79 lakh crores across product categories. More than Rs. 59,000 crores flew into Equity, Balanced and ELSS category combined. I am quite certain that MFs will become a stable and large portion of the savings of a larger number of households.