Equity MF schemes see outflows in February, however business AUM beneficial properties

Investors pulled out Rs 4,534 crore from fairness schemes in the course of the month ended February 2021 as towards outflows of Rs 9,253 crore in January. Equity linked financial savings schemes and different fairness schemes witnessed outflows of Rs 2,354 crore in the course of the month.
According to information out there from the Association of Mutual Funds in India (Amfi), amongst fairness funds, flexi-cap funds misplaced Rs 4,497 crore in February in comparison with web redemptions of Rs 5,933 crore in January. This class noticed the very best redemptions throughout fairness fund classes.
Assets underneath administration (AUM) underneath systematic funding plans (SIPs) and retail fairness folios had been at all-time highs at Rs 4.21 lakh crore and eight.07 crore respectively.
Overall, the MF business witnessed an influx of Rs 4,090 crore throughout segments in the course of the interval underneath overview, in comparison with outflows of Rs 35,586 crore in January. Despite the outflow, business AUM rose to Rs 31.64 lakh crore in February-end from Rs 30.5 lakh crore in January-end.