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