MF's AUM drops by Rs 21,000 cr to Rs 22.2 lakh cr in Feb

The asset base of mutual fund (MF) industry declined by nearly Rs 21,000 crore to Rs 22.2 lakh crore at the end of February, mainly due to outflow from debt segment.

In comparison, the assets under management (AUM) of the MF industry, comprising 42 players, were at an all-time high of Rs 22.41 lakh crore at the end of January, as per the data of the Association of Mutual Funds in India (Amfi).

Investors poured in a net sum of over Rs 12,000 crore in mutual fund schemes last month as compared to an inflow of Rs 1.06 lakh crore in January.

Besides, income funds -- emphasizes current income, either on a monthly or quarterly basis, as opposed to capital appreciation and usually hold a variety of government, municipal and corporate debt obligations-- witnessed a pull out of Rs 9,800 crore.

In addition, gold exchange traded funds (ETF) saw an outflow of Rs 94 crore.

Women fund managers tally in MF space improves: Morningstar

India has made a slight improvement in broadening female representation in the fund managers space as women fund managers account for 8 per cent of the total number of managers in the countrys asset management industry.

In comparison, women fund managers accounted for just 7 per cent of the total number of such managers in 2016. Together, they had managed assets to the tune of Rs 2.32 lakh crore, according to a report by Morningstar India.

It showed a total of 24 women managers manage funds either as primary or secondary managers or as heads of equity or fixed income in 2017 as against 18 in the preceding year.

Source: AMFI, PTI, Morningstar

Disclaimer – This document is for general information only and does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. This document provides general information on performance; financial planning and/or comparisons made are only for illustration purposes. The data/information used/disclosed in this document is only for information purposes and not guaranteeing / indicating any returns. This material provides general information and comparisons made (if any) are only for illustration purposes. Investments in mutual funds and secondary markets inherently involve risks and recipient should consult their legal, tax and financial advisors before investing. Recipient of this document should understand that statements made herein regarding future prospects may not be realized. Recipient should also understand that any reference to the indices/ sectors/ securities/ schemes etc. in the document is only for illustration purpose and should not be considered as recommendation(s) from the author or L&T Investment Management Limited, the asset management company of L&T Mutual Fund or any of its associates. Recipient of this information should understand that statements made herein regarding future prospects may not be realized or achieved. Neither this document nor the units of L&T Mutual Fund have been registered in any jurisdiction except India. The distribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly, persons who come into possession of this document are required to inform themselves about, and to observe, any such restrictions.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.