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Liquid funds gain popularity among investors: AMFI data

Besides savings bank account, liquid funds are a good option available to investors looking to park their surplus cash in hand

October 25, 2012 3:15 IST | India Infoline News Service
Liquid schemes are gaining popularity among retail investors. Retail investor folios in liquid funds increased to 1.67 lakh in September 2012 from 1.61 lakh in September 2011, the AMFI data said.

Retail investor assets in these liquid funds increased to Rs. 1,003 crore in September 2012 from Rs. 827 crore in September 2011, the AMFI data added.

Besides savings bank account, liquid funds are a good option available to investors looking to park their surplus cash in hand. Liquid funds AUM (assets under management) were Rs 1.46 trillion as on September 2012. Many asset management companies (AMCs) have launched SMS facility which has proved to be a convenient way for investors to park their surplus cash in liquid funds.

Gold funds offered by AMCs are gradually rising on account of the festive season. Gold ETF folios increased to 4.75 lakh in September 2012 from 4.12 lakh in September 2011.The AUM of gold ETFs increased to Rs 11,199 crore in September 2012 from Rs. 8,184 crore in September 2011.

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