"mutual-funds"

The surge in asset base comes on the back of excellent stock market performances over the last 3 months, with Nifty 50 rising by 3.15 per cent in October, 12.02 per cent in November and 14.9 per cent in December

The industry raised Rs 7,800 crore through the SIP route last month, compared with Rs 7,788 crore garnered in September, data from Amfi showed

Market experts said the addition of folios suggests that investors were undeterred by the market volatility

During January-May 2020, mutual funds (MFs) made a net investment of more than Rs 40,000 crore in stock markets

In comparison, such schemes had witnessed a hefty inflow of Rs 23,874 crore in the same quarter last fiscal

The trend is expected to reverse only slowly as investors feel more confident to save more once their own income stream stabilises, said Vidya Bala, co-founder of Primeinvestor.in