Equity mutual funds drop to multi-year low even as net inflows at 3-year high. Full details4 min read 11 May 2023, 09:47 PM IST
After a healthy performance in FY23, the mutual funds market kicked started the fiscal year FY24 on a more tempered note. The AUM industry crossed ₹41 lakh crore mark for the first time driven by strong inflows in debt-oriented schemes. However, equity funds has taken a hit!
Inflows in the mutual funds' industry touched the highest level in three years to over ₹1.21 lakh crore in the first month of FY24. It would be a strong appetite for debt-oriented schemes that have driven the performance of the market with an inflow of a whopping ₹1.06 lakh crore in the month with 60% of the total coming from liquid funds. But the shocking part of April's performance would be the inflow in equity-oriented schemes which dropped by nearly 3 times on a month-on-month basis.
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