As rents rise, here is what tenants can do
NUMBER OF THE WEEK
60 per cent: Share of retail investors and high net worth individuals (HNIs) in total assets under management (AUM) of mutual fund industry in March 2023. It is the highest level since records began to be kept in 2009-10.
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The total mutual fund assets of retail investors across schemes stood at Rs 10.07 trillion in March 2023, according to data compiled by the Centre for Monitoring Indian Economy (CMIE). If the investments made by HNIs are factored in, then individual investors’ assets stood at Rs 23.7 trillion. Of this, equity mutual funds accounted for Rs 13.8 trillion. Hybrid funds were a distant second with assets worth Rs 4.2 trillion. However, mutual funds account for less than a quarter of the money held in bank deposits.
Investors should enter equity mutual funds with at least a five-year horizon. They should decide on an asset allocation and strive to maintain it across market conditions. Whenever equity markets witness a downturn, they should continue with their systematic investment plans (SIPs).
First Published: Sep 01 2023 | 9:40 AM IST