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Most of the mutual fund inflows were seen in equity funds. With ₹16,997 crore added to equity mutual funds in December, total inflows into equity schemes touched a whopping ₹1,61,573 crore during the calendar year 2023.
“It is very heartening to see that Indian retail investors continue to invest in the equity markets via the Mutual Fund route, especially through SIP mode. The record SIP contribution of Rs 15,813.54 crores is a testimony of the Indian Investors long term approach to building wealth by investing through small ticket sized SIPs,” said NS Venkatesh, CEO, Association of Mutual Funds in India (AMFI).
Life Insurance Corporation of India (LIC), Kotak Mahindra Bank, Indian Oil Corporation, Hero MotoCorp, Hindustan Aeronautics were the most sold
Mumbai: Mutual Fund Industry Net AUM stood at Rs 39,42,031 crores, while AAUM was Rs 40,04,638 crores in March 2023, showed AMFI Mutual Fund Industry data.
In 2021, Zerodha received in-principal approval from the Securities and Exchange Board of India (Sebi) on its mutual fund application.