MFs jump 41% in FY21, gain from equity highs

Strong inflows in sectoral & thematic, tax savings and midcap schemes helped the mutual fund (MF) industry reverse its eight-month trend of net outflows from equity plans in March 2021. The month also witnessed, for the first time ever, inflows through systematic investment plans (SIPs) cross the Rs 9k cr mark, data from industry trade body AMFI showed.

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