Mumbai, June 10 (IANS) Equity mutual funds continued to attract strong investor interest in May, garnering net inflows of Rs 22,907.77 crore, according to data released by the Association of Mutual Funds in India (AMFI) on Wednesday.The mutual fund industry’s assets under management (AUM) stood at Rs 81.58 lakh crore, while the total number of folios rose to 27.65 crore, reflecting sustained retail participation in financial markets.Category-wise, flexi-cap funds emerged as the biggest contribut…
Latest Index Funds News & Updates
Mumbai, June 4 (IANS) BSE Index Services, a wholly owned subsidiary of BSE, on Thursday announced the launch of a new benchmark index — the BSE India 5-Year Sovereign Bond Index — aimed at tracking the performance of India’s benchmark five-year government securities.The newly launched benchmark has a base value of 100 and a first value date of April 27, 2018. It will be reconstituted on a monthly basis, according to the company.The launch is expected to expand passive investment opportunitie…