Hybrid funds experienced an uptick in net inflows on a month-on-month basis
FinTech BizNews Service
Mumbai, April 10, 2024: As per the Association of Mutual Funds in India (AMFI) Mutual Fund Industry Monthly Data for March 2024, the AAUM for March 2024 is Rs 55,00,727.56 crores and for February 2024 was Rs 54,52,487.01 crores.
Akhil Chaturvedi, Chief Business Officer, Motilal Oswal Asset Management Company, shares his studied comments on the AMFI data: “In the month of September, the equity markets experienced a notable shift towards a risk-off sentiment, following the all-time high of 20,200 points. Despite this shift, equity mutual funds continued to exhibit resilience, recording a significant net inflow of Rs 14,091 crores, a slight dip from the Rs 20,245 crores observed in August. While overall net flows experienced a dip in various categories, it's noteworthy that thematic/sectoral funds extended their positive trend into the current month, attracting the highest net inflows. Following closely were smallcap funds and multicap funds. However, small-cap flows did witness a decline month on month, which can be attributed to certain fund houses temporarily halting inflows, possibly due to concerns about rich valuations in the mid and small-cap space. Hybrid funds experienced an uptick in net inflows on a month-on-month basis. This trend reflects the prevalent risk-off sentiment in the market, with investors seeking to diversify their investments while maintaining a focus on capital protection.”
