Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now

Top 30 large, mid & smallcap stocks fund managers bought, sold in September

Balanced, liquid and income schemes witnessed net outflow, while inflows into equity funds declined sharply in September to Rs 6,600 crore from Rs 9,150 crore in August

October 16, 2019 / 11:04 AM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

The mutual fund industry saw a drop in total Assets Under Management (AUM) in September but the trend in systematic investment plan (SIP) remained strong, which is a comforting sign.

The category wise AUM decreased by 3.8 percent (Rs 96,807 crore) to Rs 24.51 lakh crore in September 2019 on a year-on-year basis but it increased by more than 1 percent sequentially.

Balanced, Liquid & Income schemes witnessed net outflow, while inflows into equity funds declined sharply during September to Rs 6,600 crore from Rs 9,150 crore in August. However, SIP inflows remained strong at Rs 8,262 crore.

Flows into equity funds slowed down in September, suggesting a possibility of a reversal in the trend if markets continue to underperform, but analysts are not worried.