Average AUM of Mutual Fund Industry decreased by 1.58% to ₹40 Lakh Crs in March due to large outflow in debt and hybrid funds.
Inflows in Equity oriented schemes increased to a 12-month high of Rs. 20.53k crs.
The net inflow in passive funds increased more than three times to Rs. 26.8k crs. from previous months Rs. 6.49k crs.
Among the debt funds, Liquid funds continued to witness highest outflows; whereas, investors’ focus shifted to higher duration funds after government introduced changes to mutual fund taxation in the Finance Bill.
The Average Quarterly AUM of the Mutual fund industry increased by 0.61% to Rs. 40.51 Lakh Crs.
For all these snippets and much more please read through our Mutual Fund Flow March-2023 report.