Rising equity markets, lower returns from fixed-income investments and several new fund offers (NFOs) by large fund houses have seen the equity pie get bigger at the cost of liquid and debt funds over the past year.
As per data from HDFC MF assets of equity-oriented schemes rose to 43.1% in September 2021, compared to 37.5% in September 2020. Assets of liquid funds slipped from 19.3% to 13%, while debt-oriented funds declined from 32.8% to 30.5%. Overall AUM of the fund industry rose 36.74% year-on-year to ₹36.73 lakh crore in September from ₹26.86 lakh crore.
