Here are the top mutual funds that investors chose in 2017
Here are the top mutual funds that investors chose in 2017
2017 was a momentous year for mutual funds. It was a record year, both in terms of new investors and the amount of net inflows into MFs. Equity and equity-oriented balanced mutual funds saw a net inflow of Rs.2,68,000 crore (USD 42 bn) in 2017.
To put this in perspective, this is 3 times of mutual funds net inflows in 2016 and is almost 10x of the MF inflows in 2007 (the peak year of the previous bull run). These unprecedented inflows in mutual funds have shown a marked investor preference for some mutual funds and investors have ignored some other mutual funds completely. Investors have fuelled investments in certain mutual funds by investing a large part of their new inflows in them. In this article, we bring to you the top mutual funds chosen by investors for 2017 based on how they invested in 2017.
The top 5 mutual fund schemes by investor preference in terms of investments in each of the categories of equity and balanced funds were as below.
