Mutual fund equity assets top Rs 8 trillion, shows Amfi data

In the past 12 months, equity MFs have got inflows of Rs 1.73 trillion

Assets under management (AUM) for equity mutual funds (MFs) went past Rs 8 trillion for the first time in April, shows data released by the Association of Mutual Funds in India (Amfi).

Assets for equity schemes, which include arbitrage funds and equity-linked savings schemes (ELSS), have soared 40 per cent in the past one year. Overall, AUM for the industry has grown 20 per cent in the past year, to a record high of Rs 23.3 trillion. Equity schemes have been able to grow at a much faster clip, thanks to robust net inflow and the up-move in

the market. In the