Mr. N. S. Venkatesh, CEO, AMFI – Quote on AMFI October 2019 data
Mr. NS Venkatesh, CEO, AMFI on October 2019 data.
Commenting on the October 2019 monthly Mutual Fund data, Mr N S Venkatesh, CEO, AMFI said:
Commenting on the October 2019 monthly Mutual Fund data, Mr N S Venkatesh, Chief Executive, AMFI said: “Retail SIP AUMs crossing a new INR 3L cr landmark for the first time ever, which is now 40% of total Equity AUMs and continual rise in SIP accounts to 2.88 cr is a positive reflection of disciplined approach adopted by the retail investor fraternity. Robust jump in net inflows in ETFs as also in Index Funds is a testimony to retail investor confidence. We expect equity markets to perform better in the coming quarters driven by positive net inflows, even as the positive impact of government initiatives trickles down in the economy.”
|AUM for October||26,32,824.43 crores|
|AAUM for October||26,13,666.39 crores|
|SIP inflows for October||8,246 crores|
|SIP growth YoY||3% growth|