Markets and Finance
Equity-oriented funds drive MF assets to record high in 2021 at Rs 37.7 lakh crore : Report

Driven by a surge in inflows into equity-oriented funds, assets under management (AUM) of mutual funds surged to a record high of Rs 37.73 lakh crore in 2021, up 22 per cent from that in the previous year, says a report by Crisil. Moreover, the net incremental inflow of Rs 6.70 lakh crore in 2021 is also a record over the previous peak of Rs 4.80 lakh crore in 2017, and Rs 4.5 lakh crore in 2020. In percentage terms, the AUM rose as much as 22 per cent compared to 17 per cent in 2020, says the report which attributes the record numbers to the inflows into equity-oriented funds which hogged the lion’s share in the year, unlike in the previous year when it saw net outflows.

News Source:- https://www.financialexpress.com/money/mutual-funds/equity-oriented-funds-drive-mf-assets-to-record-high-in-2021-at-rs-37-7-lakh-crore-report/2406129/