Aditya Birla Sun Life AMC’s tepid listing at odds with equity MF positive inflows
ABSL MF will continue to be one of the key beneficiaries of the structural growth in the MF industry
October 12, 2021 / 12:12 PM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
The assets under management (AUM) of the mutual fund (MF) industry remained almost flat at Rs 36.7 lakh crore as of September compared with August, AMFI data showed.
However, net inflows into equity schemes — the most keenly watched segment in MF — continued to be positive for the seventh month in a row. While the quantum of equity flows moderated slightly, the overall trend is still very healthy.
The subdued asset growth was mainly because of outflows from debt assets....