AUM of mutual fund decreased in February, retail investors withdrew | Equity Tips

AUM of mutual fund decreased in February, retail investors withdrew 

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Asset base of top 10 equity mutual funds decreased by Rs 8,900 crores in February. According to experts, the biggest reason for this is the lack of investment in retail and HNIs investors. The fund house's Total Asset Under Management (AUM), on the other hand, also declined in February. This has decreased to Rs 18,68,404 crore in February, from Rs 18,77,303 crore in January. 

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Amphi released statistics

This information has been given in the data released by Association of Mutual Fund in India (Amfi), a mutual fund organization. According to the mutual fund analysts, this shortfall in AUM has come from the lack of investing in retail investors and HNIs.

Fall after budget

According to Sandeep Sikka, CEO of Relational Mutual Fund, after the budget, the stock market usually falls, this is something like this this time around this time. He said that India's long-term growth story is strong. Apart from this, corporate earnings are coming to the track. Both of these reasons should be viewed as a good prospect in the stock market due to these reasons. The retail investor can also take advantage of this. However, the route of mutual funds is good and not directly to the stock market.

These are Top 10 Fund houses

6 out of the top 10 mutual fund houses in the country has seen decline in AUM. There is some increase in the rest 4. Those whose asset management has increased include Kotak Mahindra, Axis Mutual Fund, Reliance and ICICI Pru.

Fund houses fall in February

MF	AUM  decline
UTI	4,824 crores
HDFC MF	3,221 crores
SBI MF	2,280 crores

Apart from this, there has been a sharp decline in Birla MF, Franklin and DSP Blackrock. Currently, 42 companies are working in the mutual fund market in the country.

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