Equity-oriented mutual fund (MF) schemes received net inflows of Rs 6,120 crore in August, lowest since October 2021—and the third of average monthly inflows received during the first eight of the calendar year.
Industry players said concerns around lofty valuations and profit-taking following a sharp rebound from June lows could have weighed on inflows.
Debt-oriented schemes received net flows of Rs 49,164.29.
Hybrid schemes, which invest in a mix of debt and equity, saw net outflows of Rs 6,602 crore. Exchange traded funds (ETFs) continued to gain traction with net inflows of Rs 15,069 crore.
The average assets under management (AUM) for the industry rose to Rs 39.5 trillion in August compared to Rs 37. 8 trillion in July. Average AUM for the equity segment rose to Rs 14.56 crore, while for the debt segment was at Rs 13.4 trillion.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor