Mutual funds attract new investors, add to their wealth in pandemic-ravaged 2020 ...Middle East

Opinion by : (Devdiscourse) -
For long mutual funds have been trying to attract investors as tools for contingency savings the year 2020 saw one of the most unexpected events unfold when the COVID-19 pandemic engulfed the entire world. After wild swings in a pandemic-ravaged year, the stock market finally appears to end with unusually high gains, which coupled with robust inflows in fixed income schemes helped mutual funds add a staggering Rs 3.5 lakh crore to their asset base in 2020. Experts believe the new year is expected to be even brighter for the industry.

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