Equity Funds’ Assets Plunge After Six Years

This is the sharpest fall since the 2008/09 financial crisis

The Nifty plunged close to 26 per cent in FY20, the sharpest fall since the 2008/09 financial crisis

This reflected in assets under equity mutual funds, which fell from ` 8.9 lakh crore at the end of FY19 to ` 6.6 lakh crore at the end of FY20

This is the lowest since October- end 2017

Since most of this fall came towards the end of the financial year, total mutual fund assets still managed to rise 10.7 per cent to ` 27.1 lakh crore in FY20