Overall assets managed by the Indian mutual fund industry surged 30% to Rs 21.45 lakh crore in September 2017 from Rs 16.51 lakh cr in the year earlier.
Post demonetization, as money moved into banks, they lowered interest rates. With real estate and gold not giving good returns, investors have been looking at mutual funds as an investment avenue.
AMFI plans to start dialogues with different educational institutions and boards.
As per the government rules, mutual fund investors must link their Aadhaar number to their investment accounts before December 31.
Good upside potential for earnings, profit margins in India: Tanguy De Lauzon, Morningstar Investment
A clear shift has emerged with strong flows into higher-risk assets over the past 12 months.
First-time investors should choose a mutual fund scheme keeping their goals in mind.
Investors should also read the scheme related documents and understand the investment objective of the mutual fund scheme, know the securities in the scheme where money will be invested.
Invest in a new product only if there is a gap for such a product in your portfolio.
Assets under management of this category are Rs 1.35 lakh crore compared to Rs 57,000 crore a year ago.
"If you are under-invested in equities, then this is the time to invest in equities."
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