MFs report outflows of Rs. 1.78 billion in Feb

India Infoline News Service | Mumbai |

Assets of income funds rose 3.5% to Rs. 4.48 trillion in February

Equity schemes of mutual funds reported the fourth month of inflows in February in a row. This is higher than Rs. 4.96 billion of inflows seen in January, according to the AMFI (Association of Mutual Funds of India) data.
Assets under management (AUM) of the Indian mutual fund industry increased 1.45% to Rs. 9.16 trillion in February.
Assets of income funds rose 3.5% to Rs. 4.48 trillion in February.
The mutual funds reported outflows of Rs. 1.78 billion in February, compared with Rs. 1.65 billion in the previous month.
 

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