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Flows into mutual funds have been incrementally positive, says Aditya Birla AMC

A Balasubramanian, chairman of Association of Mutual Funds of India (AMFI) and CEO of Aditya Birla Sun Life Asset Management Company spoke to CNBC-TV18 about the trends in the mutual fund industry.

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By Sonia Shenoy   | Anuj Singhal  August 8, 2018, 4:58:20 PM IST (Updated)

A Balasubramanian, chairman of Association of Mutual Funds of India (AMFI) and CEO of Aditya Birla Sun Life Asset Management Company spoke to CNBC-TV18 about the trends in the mutual fund industry.



Balasubramanian said that the industry is segregating the numbers in three parts; 1) the money that flows into actively managed funds which includes balance fund, 2) the arbitrage fund and 3) the exchange-traded funds (ETF) flows.

According to him, last few years have been good years and last three months have been relatively weaker market sentiment as well as flows got a bit reduced.

“One thing which remained constant is the flows into the mutual funds have been incrementally positive and second, SIP registration has been growing consistently and three, new investors who comes into mutual funds which reflects on the folios; the number of folios added for the month of July also continues to remain robust,” he added.

He further said that a lot of people are migrating from fixed deposit to balance fund as a category on expectation of dividend etc.

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