In February Equity mutual funds witnessed an outflow of Rs 10,468 crore making it the eighth consecutive monthly withdrawal. The Flexi cap category accounted for most of the outflow.
Overall, the mutual fund industry witnessed a net outflow of Rs 1,843 crore across all segments during the period under review, compared to Rs 35,586 crore in January.
Despite the outflow, asset under management (AUM) of the mutual fund industry rose to Rs 31.64lakh crore in February-end from Rs 30.5 lakh crore in January-end.
As per the data, the outflow from equity and equity-linked open-ended schemes was at Rs 10,468 crore in February compared to Rs 9,253 crore in January.
Barring multi-cap, large & mid-cap and focussed fund categories, all the equity schemes have seen outflow last month. The newly created Flexi cap category saw a maximum outflow of Rs 10,431 crore.
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