ADVERTISEMENT

Motilal Oswal: Indian Mutual Fund Tracker - AUM Surpasses Rs 27 Trillion; Equities See First Outflow In 52 Months

Motilal Oswal: Indian Mutual Fund Tracker - AUM Surpasses Rs 27 Trillion; Equities See First Outflow In 52 Months

A customer withdraws a stack of Indian twenty rupee banknotes at a branch of the HDFC Bank Ltd. in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)
A customer withdraws a stack of Indian twenty rupee banknotes at a branch of the HDFC Bank Ltd. in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

After plunging 18% from Rs 27.2 trillion in February 2020 to Rs 22.3 trillion in March 2020, total asset under management (AUM) of domestic mutual funds have climbed back to Rs 27.1 trillion in July 2020.

This was primarily led by equity, liquid, income, and other exchange-traded fund (ETF) funds. The Nifty has maintained its upward momentum and closed higher for the second consecutive month in July 2020 (up 7.5% month on month basis).

Corporate commentaries on gradual demand recovery coupled with benign global backdrop aided the Nifty’s north-bound journey.

Investors too capitalised on the market rally and booked profits, leading to moderation in domestic mutual fund flows.

Contribution of systematic investment plans (SIPs) declined for the fourth consecutive month to Rs 78.3 billion (down 1.1% month on month basis).

Click on the attachment to read the full report:

Motilal Oswal Fund Folio - Indian Mutual Fund Tracker - August 2020.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint 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 brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.