Birla Sun Life MF to increase equity investor base

India Infoline News Service | Mumbai |

The fund house is opening zero account folios of investors who can invest in MF schemes in future

Birla Sun Life Mutual Fund aims to increase its equity assets by 40% to Rs. 6,000 crore in the next financial year from Rs 4,300 crore, according to a media report.
At present, the average assets under management of the fund house stand at Rs. 90,000 crore.
Equity asset base of the MF industry constituted only around 20% of their total AUMs of Rs 9.16 trillion as of end February with the rest coming in from the debt segment, the report added
The private MF house is looking at increasing equity investor base by turning the inactive folios into active ones. The fund house is opening zero account folios of investors who can invest in MF schemes in future.
 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.