FPIs Take Out Rs 9,800 Crore in October 2023 on Rise in US Bond Yields, Geopolitical Uncertainties
This comes after Foreign Portfolio Investors turned net sellers in September and pulled out Rs 14,767 crore
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This comes after Foreign Portfolio Investors turned net sellers in September and pulled out Rs 14,767 crore
Total assets under management (AUM) of open-ended funds at the end of September stood at Rs 46.58 lakh crore against Rs 46.63 lakh crore in the prior month.
In the debt funds category, outflows surged significantly. Smallcap fund inflows stood at ₹2,678 crore. Midcap funds stood at ₹2,001 crore
Smallcap funds, the category that has seen consistently strong inflows in the past few months, saw a slowdown in September. The category saw net inflows of Rs 2,678 crore in September, compared to Rs 4,265 crore in August. Largecap funds saw outflows of Rs 111 crore in September, compared to outflows of Rs 349 crore in August.
NS Venkatesh, CEO, AMFI, said that mutual fund industry's growth has been on an upward trend. The half yearly growth has been encouraging and he is optimistic that the trend will continue to grow.