Many people are shifting from fixed deposit to balance fund category on the expectation of dividend, said A Balasubramanian, AMFI Chairman and Aditya Birla Mutual Fund CEO, during a speech on trends in the mutual fund industry.
The mutual fund industry is dividing the numbers into three parts, said Balasubramanian. The first part is the money that flows into actively managed MFs which includes balance funds. The second part includes arbitrage fund inflows, and the last part is the ETF (exchange-traded funds) flows.
Based on his perception, the past few years have been a good period for the mutual fund industry. But, the past three months are a comparatively weaker period for the industry. Both the market sentiment and MF inflows have reduced a bit.
However, the mutual fund inflows have been incrementally positive, inflows in SIPs (Systematic Investment Plans) has been growing consistently, and the number of folios is increasing owing to entry of new investors into mutual funds, added the Aditya Birla Mutual Fund CEO.
According to the Chairman of the Association of Mutual Funds of India (AMFI), the number of folios added for the month of July in 2018 also continues to be strong.
The mutual fund industry moved a long journey from local to global, fitting in with global financial markets gradually. Regulatory environment developed at the same speed as that of the growth rate of the MF industry, said Balasubramanian during an interview with The Economic Times.
The MF industry has maintained the reputation of taking good care of the huge number investors’ money with minimum risk and best possible profits to its investors, added the AMFI Chairman.
The Aditya Birla Mutual Fund CEO Balasubramanian recently spoke about the trends in the mutual fund industry, according to CNBC-TV18. The AMFI Chairman started his journey in the MF industry in 1992 and has completed about nine years as CEO at the AMC.
The post ‘People Are Migrating From Fixed Deposit To Balance Fund:’ Aditya Birla Mutual Fund CEO appeared first on OWLT Market.
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