Mutual funds sees Rs 1.51 lakh crore inflow in April

Investors have pumped in nearly Rs 1.51 lakh crore into various mutual fund schemes in April, with liquid, income and equity funds attracting most of the inflows. This comes following an outflow of close to Rs 55,000 crore in the preceding month. "Indian investors have now eventually assimilated mutual funds and the credit goes to awareness programs and endeavours by regulators and AMCs in mutual fund industry," Bajaj Capital CEO Rahul Parikh said. "Besides, investors have preferred debt and balanced category of mutual funds because of falling interest rates of secured investment schemes like PPF (Public Provident Fund) and Bank FDs (Fixed Deposits)," he added. Financial Astrology Tips

Further, Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) ways of investing have also given the investors a choice as well as flexibility of investing periodically or in lump sum as per their preference. According to data by the Association of Mutual Funds in India (Amfi), a net sum of Rs 1,50,703 crore has been invested in mutual funds in the month of April. In the entire 2016-17, investors had poured over Rs 3.43 lakh crore into various mutual fund schemes. The latest inflows have been mainly driven by liquid, income and equity funds. Liquid or money market fund category attracted Rs 99,403 crore, income funds saw net inflows of Rs 34,647 crore while equity and equity-linked schemes saw inflows of Rs 9,429 crore. Astrology and Numerology Trading Tips