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This is how mutual funds came to rescue new investors in pandemic-ravaged 2020 PTI New Delhi: For long mutual funds have been trying to attract investors as tools for contingency savings the year 2020 saw one of the most unexpected events unfold when the COVID-19 pandemic engulfed the entire world. After wild swings in a pandemic-ravaged year, the stock market finally appears to end with unusually high gains, which coupled with robust inflows in fixed income schemes helped mutual funds add a staggering Rs 3.5 lakh crore to their asset base in 2020. Experts believe the new year is expected to be even brighter for the industry. ....
Mutual funds attract new investors, add to their wealth in pandemic-ravaged 2020 SECTIONS Last Updated: Dec 28, 2020, 09:39 AM IST Share Synopsis After wild swings in a pandemic-ravaged year, the stock market finally appears to end with unusually high gains, which coupled with robust inflows in fixed income schemes helped mutual funds add a staggering Rs 3.5 lakh crore to their asset base in 2020. The AUM of the mutual fund industry grew by 13 per cent to an all-time high of Rs 30 lakh crore in 2020 by November-end itself, from Rs 26.54 lakh crore at the end of December 2019 For long mutual funds have been trying to attract investors as tools for contingency savings the year 2020 saw one of the most unexpected events unfold when the COVID-19 pandemic engulfed the entire world. ....