A net inflow of over Rs 1 lakh crore in equity funds helped the mutual fund industry grow its average assets under management 14% in FY16. For the quarter ended March, too, assets logged growth for the 10th consecutive quarter. Equity funds had seen net inflows of Rs 9,800 crore during Jan-Feb this year. Gold ETFs posted their first quarterly growth since September 2013, growing 4.8% to Rs 6,335 crore as the underlying asset values rose. However, lack of clarity on the interest rate trend in near future dented demand for long-maturity funds like long-term debt and gilt.
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