AMFI: Net inflow in the income (debt) funds stood at Rs. 43,913 crore in Jul
Aug 18 2016
News Category: Industry Update
According to data from the Association of Mutual Funds of India, net inflow in the income (debt) funds stood at Rs. 43,913 crore in Jul. This led to an increase of 8.5% MoM of assets under management (AUM) to Rs.6, 69,933 crore in Jul. The increase in the fund corpus can be attributed to growing expectations of at least one more rate cut by the Reserve Bank of India in the current financial year.