Is it the Modi effect? Or, is it the market reality? Whatever be the reason, the fact is that the mutual trust is on the rise!
Retail investors are making a beeline for mutual funds. With stock markets reacting positively to the Union budget, this trust will only grow, it appears. Asset management companies of mutual funds have started witnessing huge inflows into their corpus.
Consider this: Assets under management have surpassed the Rs.12 lakh crore-mark in February. And, the total assets in the current financial year up to February stands at Rs.12.02 lakh crore, against Rs.11.81 lakh crore in the previous month, registering a sequential growth of 1.77 per cent (month-on-month), on the back of positive sentiments prevailing in stock markets with the BSE benchmark index (Sensex) hitting an all-time high of 30000-mark intra-day on Wednesday last. Hopefully, the rising trust will fetch increased mutual benefits!
