Assets Under Management AUM

Fairness mutual funds see outflows for eighth consecutive month in February

Fairness mutual funds noticed an outflow of Rs 10,468 crore in February, making it the eighth consecutive month-to-month withdrawal, with the flexi cap class accounting for the majority of the outflow.

Nonetheless, traders invested Rs 1,735 crore in debt mutual funds final month after withdrawing Rs 33,409 crore in January, knowledge from the Affiliation of Mutual Funds in India confirmed on Tuesday.

General, the mutual fund business noticed a internet outflow of Rs 1,843 crore throughout all segments throughout the interval underneath evaluation, in comparison with Rs 35,586 crore in January.

Regardless of the exit, the property underneath administration (AUM) of the mutual fund business rose to Rs 31.64lakh crore in February-end from Rs 30.5 lakh crore in January-end.

In keeping with the info, outflows from fairness funds and open equity-linked schemes have been Rs 10,468 crore in February in comparison with Rs 9,253 crore in January.

Except for the multi-cap, massive and mid-cap and focused fund classes, all fairness packages had exits final month. The brand new class of versatile caps noticed a most output of Rs 10,431 crore.

General, the fairness plans had seen an outflow of Rs 10,147 crore in December, Rs 12,917 crore in November, Rs 2,725 crore in October, Rs 734 crore in September, Rs 4,000 crore in August and Rs 2,480 crore in July. , which was their first withdrawal. in over 4 years. Beforehand, these packages had attracted Rs 240.55 crore in June.

Moreover debt funds, gold trade traded funds (ETFs) witnessed an inflow of Rs 491 crore final month, in comparison with Rs 625 crore in January.

(Solely the title and picture of this report might have been reworked by Enterprise Commonplace workers; the remainder of the content material is mechanically generated from a syndicated feed.)

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