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This Article is From Oct 16, 2020

Care Ratings: Mutual Funds Monthly Monitor - September 2020

Care Ratings: Mutual Funds Monthly Monitor - September 2020
A message on a ‘piggy bank’. (Photographer: Billy H.C. Kwok/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Care Ratings Research Report

The net outflow of the industry continues with negative figures in external flows for both debt and equity schemes with decline in industry size by 2.3% on month-on-month basis.

The equity schemes have seen continuous net outflow for the third consecutive month of Rs 734 crore. Liquid funds witnessed outflows of Rs 65,952 crore during the month.

Overall exposure of mutual funds to non-banking financial companies stood at Rs 1.32 lakh crore in September 2020, almost half of the levels since September 2018.

Banks, consumer non-durables, finance, software, pharma and petroleum products were the top six sectors where equity MFs invested their funds till September 2020.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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