Motilal Oswal said, the total AUM for the mutual fund industry declined for the second month in a row to become RS 35.6 trillion last month – the lowest level since August 2021.

This decline was led by Aum for Income (RS 711 billion), Equity (RS 405 billion), liquid (RS 219 billion), funds traded other exchanges (RS 115 billion).

AUM Equity for Domestic Mutual Funds (including ELSS and Index Funds) decreased 2.9 percent month to month (Mom) to 13.8 trillion hospitals in June’22.

This is due to the decline in the sale of equity schemes. Furthermore, the market index is closed lower.

According to Motilal Oswal, the redemption dipped 15.4 percent of mothers into 127 billion hospitals – at the lowest level of 25 months. As a result, the net entry flow declined slightly to RS 228 billion last month from RS 234 billion in May’22.

However, the month saw important changes in this sector and the allocation of stock funds, said Motilal Oswal.

On the basis of mothers, car weight, oil & gas, consumers, health care, telecommunications, and government banks increase, while the weight of private banks, metals, non-sacrificial financial companies (NBFC), cement, retail, utility, textile, insurance, and chemicals are moderated, the report said.

About Post Author

Elara Gill

[email protected]

Happy

0 0 %

Sad

0 0 %

Excited

0 0 %

Sleepy

0 0 %

Angry

0 0 %

Surprise

0 0 %