Total MF AUMs touch Rs 30 lakh crore; experts discuss road ahead

Total mutual fund assets under management touches Rs 30 lakh crore although November data shows an outflow of Rs 13,000 crores from equities, but an inflow of Rs 45,000 crores into debt funds.

Radhika Gupta, MD & CEO of Edelweiss Asset Mgmt said, “It is a continuation of trend that we saw in October and there is still uncertainty, so those who wants to book profits at the end of once markets have valued are doing that and we have seen that increase in cycle. If it is a rebalancing of asset allocations it doesn’t come as a surprise.”

On outflows Gupta said, “The gross inflows are actually intact, you are seeing new fund offers that are coming to the market that are collecting money and it is not that it is category specific. If you look at the equity category, it is across the board. I think the hybrid category has been hurt the hardest. But I really think you have to reflect on the fact that markets did rally 10 percent in November and that gives a lot of portfolio rebalancing.”