The domestic mutual fund (MF) industry continued to attract big-ticket investments from individual investors seeking to tap into the surging equity markets. In September, actively-managed equity schemes - which have almost a dozen sub-categories - raked in ₹34,419 crore in net inflows.
While the tally was 10 per cent lower than the preceding month, it was still comfortably above the past 12-month average of ₹25,600 crore.
Thematic funds have consolidated their position as the largest equity mutual fund category with assets under management (AUM) of ₹4.7 trillion, driven by robust inflows of ₹13,255 crore - the highest among all equity sub-categories.
Overall, the average AUM for the MF industry rose to ₹68 trillion in September, up from ₹66 trillion in the preceding month.
This story is from the October 11, 2024 edition of Business Standard.
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This story is from the October 11, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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