Mutual Fund Investment: In today’s time, Mutual Fund has emerged as a great option for investment. The beginning of the financial year 2023-24 has been good and people have invested heavily in the June quarter.
It is worth noting that in the June quarter, Rs 1,84,789 crore has been invested by people in open-ended mutual fund schemes, which is the highest in the last four years. In such a situation, open-ended mutual funds have emerged as a preferred investment option among the people.
What is open-ended mutual fund?
Significantly, an open-ended mutual fund scheme is a scheme that you can buy and sell as per your wish. There is no fixed time limit for maturity. According to the report of Morning Star India, the total investment amount in open-ended mutual funds in the June quarter is Rs 1,84,789 crore.
In such a situation, the total investment amount in April has been Rs 1,23,613 crore. At the same time, there has been a decline in the amount of investment in May and it has come down to Rs 59,879 crore. At the same time, a very low investment of Rs 1,295 crore has been seen in the mutual fund scheme in June. A 13 percent increase has also been registered in Assets Under Management (AUM) and it has increased to Rs 44.13 lakh crore.
People are investing heavily in equity funds-
According to the report, investors are investing heavily in equity funds in the last nine quarters. However, there has definitely been a decline in the amount of the fund in the last few quarters.
Talking about the June quarter of the year 2022, the net investment in equity schemes was Rs 48,766 crore, which has come down to Rs 18,358 crore in this quarter. At the same time, the assets under management of equity schemes is Rs 17.44 lakh crore in the June quarter this year.
In such a situation, an increase of 15 percent has been recorded in comparison to the previous year. At the same time, AUM has been recorded at 15 percent in the large cap category and 16 percent in the small cap category. On the other hand, fixed income funds have seen a contraction in the last few quarters and stood at Rs 1.39 lakh crore in the first quarter of FY 2023-24.
