AMCs - Positive Trends To Support Earnings: ICICI Securities
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ICICI Securities Report
The overall trends have remained positive for the asset management industry in FY22 thus far.
There have been positive flows in equity, passive and hybrid funds with increase in systematic investment flows as well as folios.
New fund offerings have also been healthy especially in multi-cap, sector, thematic and fund of funds segments.
Overall flows into mutual fund schemes turned negative in May 2021 (Rs 386 billion) due to outflows in liquid funds (Rs 527 billion offset by positive flows into equity/hybrid/passive of Rs 92 billion/86 billion/69 billion).
However, retail sentiment continued to remain positive as flows into equity schemes came in at Rs 92 billion in May 2021 (excluding Index funds and other exchange traded funds) and have been positive for third consecutive month and highest in past 14 months.
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