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Birla Sun Life Mutual Fund expects its assets under management to double to ₹2 lakh crore in four-five years with strong inflows into equity funds. The fund house anticipates its equity assets to touch ₹57,000 crore during the same period, from the current level of ₹16,000 crore.
A Balasubramanian, Chief Executive Officer, Birla Sun Life AMC, said the fund house has seen a net inflow of ₹1,100 crore in the last six months, with investments peaking to ₹450 crore in May.
“The strong inflow in May reflects that people who were sitting on the fence due to uncertain growth prospect and fear of an election outcome, have jumped in now. This trend may continue with the government unveiling its growth plan in the Budget,” he said.
Birla Sun Life is also seeing strong inflows from foreign investors in two of its schemes created to attract foreign funds. “There is also a strong investment interest in debt funds. This space is largely dominated by high networth investors who would prefer to stay invested in debt,” he said.
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