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Net inflows into mutual funds in FY17 highest in at least 11 years

Net inflows into mutual funds in FY17 highest in at least 11 years

Tuesday, April 11, 2017, 10:19 AM

As bank deposit rates fell and stock markets rose, mutual funds in 2016-17 received the highest net inflows in at least 11 years, led by income and liquid schemes. Net inflows in the fiscal year ended March rose 155.66% from a year before to Rs.3.43 trillion, the highest since at least 2005-06 when the equity market was gaining traction, data from AMFI showed.
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