Retail investors signing off? Top 10 mutual funds lose Rs 8,900 crore in Feb
The assets under management (AUM) of the fund houses slumped to Rs 18,68,404 crore in February, as against Rs 18,77,303 crore in January, as per the data of the Association of Mutual Funds in India (Amfi). Industry experts attributed the monthly drop in the asset base to lower money infusion by retail investors and HNIs.
In absolute terms, UTI MF saw the maximum decline in its AUM. Image source: Reuters