| Pub. Date | : October, 2021 |
|---|---|
| Product Name | : The IUP Journal of Accounting Research and Audit Practices |
| Product Type | : Article |
| Product Code | : IJARAP471021 |
| Author Name | : Dimple Pandey |
| Availability | : YES |
| Subject/Domain | : Finance |
| Download Format | : PDF Format |
| No. of Pages | : 5 |
Financial services are provided by Mutual Funds Asset Management Companies, wherein investors can invest in financial markets with less risk. Fund managers look after the investments and try to get as much return as possible for the investors based on risk-return trade off. Mutual funds are considered to be a very cost-efficient and convenient option for investment. If an individual wants to make investment but cannot due to lack of time or experience, he/she can still invest in financial markets and earn returns as a fund manager will handle their portfolio. Also, with a small investment portfolio, investment can be diversified and liquidity is also not an issue in the case of open-ended funds.
Mutual Fund Assets, Monthly
SIP Flows Hit Record in
October
Assets under management rose to a record
high of 37.3 lakh cr in October as compared
to 282.5 cr last year. According to
Association of Mutual Funds in India (AMFI),
all categories of open-ended mutual funds
have showed increased Systematic
Investment Plan (SIP) inflows. Monthly SIP
flows in October 2021 was 10,519. Not only
equity and debt schemes but also investors are showing increased interest in hybrid
schemes (Table 1).