Despite the outflow,asset under management (AUM) of the mutual fund industry rose to Rs 31.64lakh crore in February-end from Rs 30.5 lakh crore in January-end.
As per the data, outflow from equity and equity-linked open ended schemes was at Rs 10,468 crore in February compared to Rs 9,253 crore in January.
Barring multi cap, large & mid-cap and focussed fund categories, all the equity schemes have seen outflow last month. The newly created flexi cap category saw maximum outflow of Rs 10,431 crore.
Overall, equity schemes had witnessed 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 four years. Prior to this, such schemes had attracted Rs 240.55 crore in June.
Apart from debt funds, Gold exchange traded funds (ETFs) witnessed an inflow of Rs 491 crore last month, compared to Rs 625 crore in January.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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