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Motilal Oswal Report
After plunging 18% from Rs 27.2 trillion in February 2020 to Rs 22.3 trillion in March 2020, total asset under management (AUM) of domestic mutual funds have climbed back to Rs 27.1 trillion in July 2020.
This was primarily led by equity, liquid, income, and other exchange-traded fund (ETF) funds. The Nifty has maintained its upward momentum and closed higher for the second consecutive month in July 2020 (up 7.5% month on month basis).
Corporate commentaries on gradual demand recovery coupled with benign global backdrop aided the Nifty's north-bound journey.
Investors too capitalised on the market rally and booked profits, leading to moderation in domestic mutual fund flows.
Contribution of systematic investment plans (SIPs) declined for the fourth consecutive month to Rs 78.3 billion (down 1.1% month on month basis).
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