Positive Inflows in the Indian Mutual Funds Industry - Economy Slowdown
Positive Inflows in the Indian Mutual Funds Industry - Economy Slowdown For the Mutual Fund Industry in India, the AMFI (Association of Mutual Funds in India) is dedicated to develop this industry by professional, ethical lines and maintain standards with a view to protecting and promoting the interests of Mutual Funds and their Investors - Unit Holders. As per AMFI website, currently there are 44 AMCs are registered with SEBI, are its members. AMFI publishes its Mutual Fund industry data about New Schemes and Asset Under Management (AUM), Funds mobilized by every month. Last August 2019, the total amount invested in the Indian Mutual Fund Industry was Rs. 1.02 Trillion which is said here as Net Inflow. In the previous month of July 2019, it was stood at Rs. 87,000 Crore. The AUM as on 31st August 2019, stood at Rs. 25.47 Lakh Crore, earlier it was seen as Rs. 24.53 Lakh Crore in the month of July 2019. In the July of this current year, there was no investment made in the Gold ETF Sche...