Investors piled into mutual funds in five months to May 2024, pushing up their net asset value by 39 percent.
High returns drove the appetite for mutual funds and other collective investment schemes (CISs) over the period, with average yield on money market funds standing at 17.19 percent by end of May 2024 as against 10.2 percent by January this year.
Collective investment schemes are investments in which two or more investors contribute money or other assets to and hold participatory interests. The investors share the risk and benefit o
