The Average AUM of the Mutual Fund Industry increased by 2.70% in August over July 2021.
Equity oriented schemes saw a net inflow of INR 8,667 crs during the month while Hybrid schemes witnessed a net inflow of INR 18,706 crs.
SBI Balanced Advantage Fund became the highest grossing equity NFOs till date, notching up INR 13,000 crs.
Debt Mutual Fund schemes saw net inflows worth INR 1,074 crs as compared to INR 73,694 crs in July.
Floater Funds attracted the largest chunk of investment followed by Corporate Bond funds.
Overnight and Low Duration funds saw big withdrawals.