News From Press Equity AUM rises 21% to ₹7 trillion on rebound in mkts, SIP inflow: Report

Equity AUM rises 21% to ₹7 trillion on rebound in mkts, SIP inflow: Report

Inflows during the quarter declined sharply to ₹11,710 crore compared to ₹30,703 crore in the January-March 2020 period, primarily due to increased redemptions in June as investors booked profits

Mint Jul 31, 2020

The asset base of equity mutual funds surged 21% to over ₹7 trillion during the June 2020 quarter, primarily on account of rebound in markets and backed by strong SIP inflows, a Morningstar India report said on Thursday.

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