Mutual fund
The impact of a major decline in the Indian stock market is now visible. Mutual fund investment has also declined a major decline. According to data from the Association of Mutual Funds in India (AMFI), the investment of mutual funds has declined in February. The net investment in equity mutual funds was ₹ 29,241.78 crore in the month of February as compared to ₹ 39,669.6 crore in January. This shows a decline of 26.29% month-by-month (MOM). Market expert says that there is an atmosphere of fear among small investors due to large selling in the market. Due to this, many investors have closed the SIP account. At the same time, investors sitting on mortgage returns have withdrawn money from mutual funds. Its effect is now visible.
Investment in large-caps, midcap and small-cap
Investment in large-cap funds in February was ₹ 2,866 crore, which is less than ₹ 3,063.3 crore in the previous month. The small-cap fund made an investment of ₹ 3,722.5 crore, which is less than ₹ 5,721 crore in the previous month. The midcap fund made an investment of ₹ 3,407 crore, which is less than ₹ 5,148 crore last month. Hybrid funds invested Rs 6,804 crore in January as compared to Rs 8,767.5 crore. Liquid funds made an investment of Rs 4,977 crore, which is much lower than Rs 91,593 crore in January.
Investment in ETF increases rapidly
Investment in ETF increased from ₹ 1,172 crore to ₹ 3,846 crore. Credit Risk Fund invested ₹ 198 crore, while in January it was ₹ 294 crore. ELSS funds made an investment of ₹ 615 crore, which is less than ₹ 797 crore. The total management assets (AUMs) under the Mutual Fund House were ₹ 64.53 lakh crore, which is less than ₹ 67.25 lakh crore in January. The corporate bond funds made an investment of ₹ 1,065 crore, which is reversed with an investment of ₹ 217.4 crore. Dividend funds invested ₹ 68.7 crore, which is less than ₹ 215 crore.
Sluggish also in new fund offer
The new fund offer (NFO) invested ₹ 4,029 crore, compared to ₹ 4,544 crore last month. An investment of ₹ 1,980 crore was recorded in Gold ETF, which is less than ₹ 3,751.4 crore. Sectoral and themetic funds invested ₹ 5,711.6 crore, which is less than ₹ 9,016.6 crore in January.
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