Mutual Fund Activity For March 2021 - Assets Under Management Held Up By Rise In Valuations: CARE Ratings
Indian rupee notes and coins displayed in Mumbai.(Photographer: Santosh Verma/ Bloomberg)

Mutual Fund Activity For March 2021 - Assets Under Management Held Up By Rise In Valuations: CARE Ratings

Bookmark

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

CARE Ratings Report

Assets under Management of the Indian Mutual Fund industry decreased by 0.5% month-on-month to Rs 31.4 lakh crore in March 2021, while on year-on-year basis it increased by a significant growth rate of 41.2% year-on-year translating to an annual asset base addition of Rs 9.1 lakh crore.

The overall net outflows stood at Rs 29,745 crore in March 2021 as compared with a net outflow of Rs 217,737 crore in March 2020.

The equity schemes had witnessed continuous net outflow since July 2020 to February 2021, which can be primarily attributed to profit booking, however, in March 2021, open ended equity schemes have witnessed net inflows of Rs 9,115 crore owing to fall in markets further supported by tax-saving investments.

Click on the attachment to read the full report:

CARE Ratings Mutual Funds Monthly Tracker March 2021.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 author entity 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.