1. Business

Essential Guide For Picking Mutual Funds in 2019

Disclaimer: This is a user generated content submitted by a member of the WriteUpCafe Community. The views and writings here reflect that of the author and not of WriteUpCafe. If you have any complaints regarding this post kindly report it to us.
Mutual funds have been an extremely popular choice for investors in recent years and how to choose the best mutual fund to invest has clearly been a pertinent question for investors. The widespread acceptability of mutual funds schemes is evident in the strong investment flows. Assets managed by the Indian mutual fund industry surged from Rs 22.71 lakh crore in March 2018 to Rs. 24.58 lakh crore in March 2019, representing 8.25% growth. The proportionate share of equity-oriented schemes is now 42.5% of the industry assets in March 2019, up from 41% in March 2018. The proportionate share of debt-oriented schemes is 29.1% of industry assets in March 2019, down from 35.3% in March 2018.
Individual investors now hold a higher share of industry assets, i.e. 55.1% in March 2019, compared with 51.4% in March 2018. Equity funds clearly remain an attractive destination for investors. The assets under management (AUM) of equity funds stood at a record high of Rs 7.73 lakh crore at the end of March 2019 as against Rs 7.50 lakh crore in March 2018, an increase of 3%. During 2018-19, the SIP (Systematic Investment Plans) accounts also grew by 51 lakh to 2.62 crore from 2.11 crore in March 2018.
Read the entire blog here: https://www.ajmeraxchange.co.in/blogs/essential-guide-for-picking-mutual-funds-in-2019


Welcome to WriteUpCafe Community

Join our community to engage with fellow bloggers and increase the visibility of your blog.
Join WriteUpCafe