India Mutual Fund Tracker - Equity AUM Achieves Another Milestone By Scaling A New High In Feb: Motilal Oswal

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.The Nifty managed to close in green (up 1.2% month-on-month) in February 2024 after consolidating in January 2024. Notably, the index was extremely volatile and swung around 767 points before closing 257 points higher. In Feb-24, FIIs reported muted inflows of $0.5 billion. Domestic institutional investors recorded the seventh consecutive month of inflows at $3.1 billion. Equity AUM for domestic MFs (including ELSS and index funds) increased 2.7% month-on-month to Rs 25.3 trillion in Feb-24, led by a rise in market indices (Nifty up 1.2% month-on-month) and an increase in sales of equity schemes (up 13.7% month-on-month to Rs 646 billion). However, the pace of redemptions increased to Rs 354 billion (up 10.2% month-on-month).Consequently, net inflows increased to Rs 292 billion in Feb-24 from Rs 247 billion in Jan-24. Total AUM of the MF industry continued to scale new highs and reached Rs 54.5 trillion in Feb-24 (+3.4% month-on-month), primarily led by a month-on-month rise in AUM for liquid (Rs 877 billion), equities (Rs 672 billion), other ETFs (Rs 176 billion), and balanced (Rs 131 billion) funds. Conversely, the AUM for income funds declined Rs 146 billion month-on-month.Investors continued to park their money in mutual funds, with inflows and contributions in systematic investment plans reaching a new peak of Rs 191.9 billion in Feb-24 (up 1.9% month-on-month and 40.2% YoY)..Click on the attachment to read the full report:.Focus On Local To Mitigate Global Conflict Risks, Says Motilal Oswal's Prateek Agrawal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

India Mutual Fund Tracker - Equity AUM Achieves Another Milestone By Scaling A New High In Feb: Motilal Oswal

Monthly inflows at an 11-month high; equity AUM up 49% in FY24Y-to-date

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India Mutual Fund Tracker - Equity AUM Achieves Another Milestone By Scaling A New High In Feb: Motilal Oswal

Monthly inflows at an 11-month high; equity AUM up 49% in FY24Y-to-date

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