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Share of paperless mutual fund transactions declines as economy unlocks

Physical transactions made a come back in September as offline options became viable again

technology, market, investment, funds, Mutual fund, MF, equity, money, returns, growth, loss
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Digital transactions accounted for 56 per cent of Nippon Life India Asset Management’s purchase.

Sachin P Mampatta Mumbai
Mutual fund transactions through the physical mode, such as branch visits, made a comeback in the July-September quarter, with the share of non-physical transactions showing a dip relative to the April-June quarter for key players.

Digital transactions accounted for 91 per cent of Nippon Life India Asset Management Company’s (AMC’s) purchase transactions, revealed the June quarter results. These fell to 82 per cent in the September quarter. They accounted for 91.4 per cent of HDFC AMC’s total transactions in the June quarter, showed the quarterly results. The overall share for the year dipped to 87 per cent in September.

The two asset

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First Published: Oct 29 2020 | 10:04 AM IST

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