Mutual Fund Net Inflows Crash 60% In 2018-19
According to the Economic Survey, during 2018-19, there was a net inflow of Rs 109701 crore in the domestic mutual fund industry, marking a decline of 60% over the last year. Net inflows in 2017-18 stood at Rs 271797 crore. Lower net inflows were mainly due to rise in redemptions during the year. 2018-19 witnessed total redemption worth Rs 242 lakh crore as compared to Rs 207 lakh crore in 2017-18, shows the Survey.
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First Published: Jul 04 2019 | 3:47 PM IST