Money is pouring into equity mutual funds but the average investor is still watching carefully before taking the plunge
The mutual fund industry has never had it so good, especially in terms on fresh inflows coming into equity mutual funds.
Thanks also to a bull run in the equity markets the last five months, this segment has been able to show attractive returns and pay out liberal dividends.
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In fact, it is an achievement the mutual fund industry has always wanted to put on its CV. But it has never been able to in the last 10 years, since the mutual fund industry was opened to private players.
Take a look at the figures. The assets under management (AUM) of all equity mutual funds has gone up 57.52 per cent from Rs 10,000 crore in April 2003 to Rs 15,752 crore in August.
It isn