Investors in Gujarat park 3.30 lakh crore in mutual funds

Surat : Gujarati investors prefer equity mutual funds over non-equity mutual funds. According to Tata Asset Management, till August 2023, about 57% of Gujarat investments are parked in equity schemes, 33% in debt and liquid schemes, and 8% in balanced funds. Gujarati investors have stashed almost Rs.330352.15 crore in mutual funds.

Tata Mutual Fund observes a similar trend in Gujarat, where Tata Mutual Fund investors favour equities mutual fund schemes. According to August AMFI statistics, Tata Mutual Fund’s AUM in Gujarat is roughly 58% from equity schemes, 29% from debt and liquid schemes, and 13% from balanced schemes.

According to statistics from the Association of Mutual Funds in India (AMFI), equities mutual funds had net inflows of Rs.20,245.26 crore in August 2023. According to the same AMFI statistics, under the equity mutual fund category, small-cap funds received inflows of Rs 4,264.82 crore, sectoral/thematic funds saw inflows of Rs 4,805.81 crore, and multi-cap funds saw inflows of Rs 3,422.14 crore.

According to the August AMFI statistics, the mutual fund sector in India reported total assets under management (AUM) of Rs 46.63 lakh crore, including close-ended schemes.

“At Tata Asset Management, our focus is on the investment process and a disciplined approach to investing,” says Tejas Gutka, Fund Manager. Investors in Gujarat, for example, prefer equity mutual funds over non-equity mutual funds.”