Equity fund flows moderate amid higher redemptions, while SIPs hit record highs and flexicap funds continue to see strong investor interest
ENDURANCE OVER IMPULSE: Anchor down for the long haul, doubling 5+ year holdings
Assets under management (AUM) of the mutual fund industry witnessed a growth of 41 per cent in the last financial year
However, global brokerage form Jefferies believes the industry still has tremendous growth potential as it has barely scratched the surface when it comes to AUM growth
But investors who want the flexibility to alter their asset allocation may avoid these 3-in-1 funds
Many have Mutual fund assets, which are less than 5% of economic output
Equity mutual funds were 5.3% of total m-cap of Indian equities, that is, Rs 133 lakh crore