AHMEDABAD: The assets under management (AUM) for mutual funds in Gujarat crossed Rs 3 lakh crore in June, indicating rising investor interest in equity markets and mutual funds. ‘om According to the data, Gujarat reached Rs 3.06 lakh crore in June, with a significant increase of Rs 12,780 crore in July alone. mutual fund association in India (AMFI).
Financial analysts attribute the increase in AUM to fresh fund inflows from both retail and institutional investors. “The net asset value of existing investments has seen a substantial increase, with investors making gains of around 30% on their investments in the last three to six months. This has prompted some investors to book profits. Additionally, the Prime Minister Foreign visits have yielded positive results. Acquisition of local companies has increased the confidence of foreign institutional investors in Indian equity markets.” Jayesh VithalaniA Financial Consultant from Ahmedabad.
The launch of new fund offers during the last quarter has also contributed to the increase in AUM. “The continued rally in the market and positive sentiment have kept investors enthused, thereby continuing to invest in equity mutual funds,” he added. Karthik PatelA Mutual Fund Advisor from Ahmedabad.
The recent rally in the stock market along with the opening of new demat accounts has attracted more retail investors to invest in mutual funds. “There has been a significant increase in the number of demat accounts across the country with more than 12,000 crore accounts. This growth in accounts is another driving factor for fresh investments,” Vithalani said.
With attractive returns available in the Indian equity markets, retail investors through systematic investment plans (SIPs) and lump sum investments, as well as corporates, high-net-worth individuals (HNIs) and foreign portfolio investors, are actively contributing to the steady flow of investments.
“decide by US Federal Reserve The pause in rate hikes after consecutive hikes has restored confidence among foreign institutional investors, prompting them to invest again in equity markets. This has resulted in an increase in overall inflows,” said another Ahmedabad-based financial advisor.
Financial analysts attribute the increase in AUM to fresh fund inflows from both retail and institutional investors. “The net asset value of existing investments has seen a substantial increase, with investors making gains of around 30% on their investments in the last three to six months. This has prompted some investors to book profits. Additionally, the Prime Minister Foreign visits have yielded positive results. Acquisition of local companies has increased the confidence of foreign institutional investors in Indian equity markets.” Jayesh VithalaniA Financial Consultant from Ahmedabad.
The launch of new fund offers during the last quarter has also contributed to the increase in AUM. “The continued rally in the market and positive sentiment have kept investors enthused, thereby continuing to invest in equity mutual funds,” he added. Karthik PatelA Mutual Fund Advisor from Ahmedabad.
The recent rally in the stock market along with the opening of new demat accounts has attracted more retail investors to invest in mutual funds. “There has been a significant increase in the number of demat accounts across the country with more than 12,000 crore accounts. This growth in accounts is another driving factor for fresh investments,” Vithalani said.
With attractive returns available in the Indian equity markets, retail investors through systematic investment plans (SIPs) and lump sum investments, as well as corporates, high-net-worth individuals (HNIs) and foreign portfolio investors, are actively contributing to the steady flow of investments.
“decide by US Federal Reserve The pause in rate hikes after consecutive hikes has restored confidence among foreign institutional investors, prompting them to invest again in equity markets. This has resulted in an increase in overall inflows,” said another Ahmedabad-based financial advisor.