News From Press Contra bet! With 68% AUM jump in April, what’s fueling rally in this equity MF category?

Contra bet! With 68% AUM jump in April, what’s fueling rally in this equity MF category?

Source: ET Jun 1, 2024

Contra/value equity mutual funds’ net assets under management (AUM) jumped 68% in April to Rs 1,57,946 crore versus Rs 94,050 crore in the corresponding period of the last financial year. ETMutualFunds explains why this category, which invests in out-of-favour or undervalued stocks, is gaining ground among investors and who should take a leap!

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