According to the information given by industry organization AMFI, net investment in equity mutual fund schemes increased by eight percent to Rs 25,978 crore during February. With this investment, the total assets under management (AUM) of the mutual fund industry increased to Rs 82 lakh crore in the month of February. Its AUM in January was Rs 81 lakh crore. Venkat N Chalasani, chief executive officer, Association of Mutual Funds in India (Amfi), said the positive inflows into equity schemes could be a result of increased investor confidence due to the agreement on the India-US trade deal. He said the mutual fund market may see some volatility this month due to the growing conflict in West Asia involving the US, Israel and Iran, but India’s long-term growth story will remain strong.
Some such figures emerged
- According to the data, there was a net investment of Rs 24,028 crore in equity schemes in January, which increased to Rs 25,978 crore in February.
- In the equity category, the maximum net investment of Rs 6,924.65 crore came in Flexi Cap Fund.
- After this, Rs 4,003 crore was invested in midcap funds and Rs 3,881 crore were invested in smallcap funds.
- Net investment of Rs 2,987 crore was recorded in regional and thematic funds and Rs 2,112 crore in large cap funds.
- However, there was a net withdrawal of Rs 650 crore from tax-saving ELSS schemes.
- Overall, net investment of Rs 94,530 crore came into the mutual fund industry during February, which is less than Rs 1.56 lakh crore recorded in January.
- Meanwhile, investments worth Rs 5,255 crore came in gold exchange-traded funds (ETFs) during February.
- On the other hand, it was Rs 24,040 crore in January and Rs 11,647 crore in December.
- Debt-based debt mutual fund schemes also recorded net investments of Rs 42,106 crore last month, which is less than Rs 74,827 crore in January.