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

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