Friday, 15 January 2016

Mutual Fund Asset Hit the Record Last Month

Equity Mutual Funds
Mutual Fund Asset maintained its hike even in the last month of 2015 and closed with the growth of 21%. Equity and Debt fund received much hike in comparison to the other funds. 
According to the reports given by Global Rating Agency Crisil, Mutual Fund asset has received the gain of 1.8% in the last 3 months of 2015. Due to that, assets have crossed the level of Rs 13.99 lakh crore and even though it is 24% less in comparison to 2014. Investors have invested in Equity Mutual Funds, even when Equity Market was going down. In Long term Debt Fund has received the hike of 56%, after the reduction in repo rate by Reserve Bank of India.


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