Equity diversified funds are best placed to manage such volatility as diversification helps reduce market risks. The data analysed, using ACE MF database, shows that the funds that have spread their corpus across an ample number of stocks and sectors have performed better in the recent past. ET Wealth tried to study the concentration of equity diversified funds, in terms of their respective average concentration of AUM in the top five stocks and sectors, over the last year
India Business News: The mutual fund industry in India attracted Rs 34,765 crore in the September quarter, a significant decrease from the previous quarter's inflow of Rs
The mutual fund industry continued with the positive momentum in the September quarter, attracting Rs 34,765 crore, although it was a massive reduction as against the Rs 1.85 lakh crore inflow in the preceding quarter, primarily due to withdrawal from debt segment.
Most of the asset classes saw
The mutual fund industry continued with the positive momentum in the September quarter, attracting Rs 34,765 crore, although it was a massive reduction as against the Rs 1.85 lakh crore inflow in the preceding quarter, primarily due to withdrawal from debt segment.
Most of the asset classes saw net inflows during the July-September period of the current financial year barring the fixed-income or debt segment, which witnessed net outflows.
Overall, flows started on a strong note during the quarter under review, with net inflows of Rs 82,467 crore in July, which dipped to Rs 16,180 crore in August and ended with a disappointing Rs 63,882 crore of net outflows in September, according to a report by Morningstar India.