February Sees Rs 94,530 Crore Inflows in Mutual Funds; AUM Hits Rs 82 Lakh Crore
Synopsis
Key Takeaways
Mumbai, March 10 (NationPress) In February, the mutual fund sector experienced a remarkable net inflow of Rs 94,530 crore, fueled by heightened investor enthusiasm towards equity funds, debt schemes, and passive investment products, as per the latest data from the Association of Mutual Funds in India (AMFI) released on Tuesday.
By the end of February, the industry’s total assets under management (AUM) reached Rs 82.03 lakh crore, with an average AUM of Rs 83.43 lakh crore for the month, according to the findings.
Equity-focused schemes maintained strong investor interest, drawing in net inflows of Rs 25,978 crore throughout the month.
Among these categories, flexi-cap funds dominated with inflows of Rs 6,924.65 crore, followed by mid-cap funds with Rs 4,003 crore and small-cap funds at Rs 3,881 crore.
In the realm of debt funds, net inflows totaled Rs 42,106 crore, primarily led by liquid funds, which garnered Rs 59,077 crore in inflows.
Large and mid-cap funds saw inflows amounting to Rs 3,137.73 crore, while sectoral and thematic funds attracted Rs 2,987.29 crore.
Meanwhile, large-cap funds received Rs 2,111.68 crore, and multi-cap funds recorded Rs 1,933.53 crore in net inflows. Conversely, ELSS or tax-saving funds faced net outflows of Rs 650 crore during this timeframe.
The mutual fund folio count surged to 27.05 crore, with the industry operating 1,937 schemes across various categories at the end of February.
During the month, 21 new schemes were introduced, collectively raising Rs 4,979 crore, predominantly in equity and index-based funds, as indicated by the data.