The Credit Risk category continued to witness 11th straight month of outflows
FinTech BizNews Service
Mumbai, March 9, 2024: Association of Mutual Funds in India (AMFI) has released Mutual Fund Industry Monthly Data for February 2024 on Friday. Sanjay Agarwal, Senior Director, CareEdge Ratings, shares his views on the data points.
“The overall asset under management of the mutual fund industry continued to remain above the Rs 50-lakh crore threshold at Rs 54.5 lakh crore growing at 38.2% y-o-y and 3.4% sequentially due to continued inflows and as capital markets tested new highs. Inflows in equity funds remained high even as investments into mid and small-cap schemes remained strong yet moderated sequentially with sectoral/thematic funds (due to the introduction of new funds) picking up the slack. The SIP contribution to the mutual funds industry continues to remain robust as retail investors continue to retain faith in the markets. Meanwhile, the debt schemes recorded an inflow of Rs 0.64 lakh crore during the month compared to inflows of Rs 0.76 lakh crore in January. The largest inflows have been in the liquid fund category. Meanwhile the Credit Risk category continued to witness 11th straight month of outflows.”
