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Equity outflows continue in August, but spike in folios holds out hope for mutual funds

An increase in folios indicates sustained interest in mutual funds and is a positive for the industry

September 10, 2020 / 07:36 PM IST
Equity outflows continue in August, but spike in folios holds out hope for mutual funds

Equity markets posted yet another month of gains in August. But they did so without the help from domestic mutual funds, which saw outflows for the second consecutive month. August had been a difficult month for the asset management industry. While equity mutual funds continued to bear the brunt of increased redemptions, debt funds too saw sizeable withdrawals during the month. In spite of the outflows across both the asset categories, the asset under management (AUM) of the mutual fund industry...

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