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    Mutual funds' asset under management decline 2.3% in September

    BT NewsFlicks

    Mutual funds' asset under management decline 2.3% in September

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    The mutual fund industry's assets under management declined 2.3 per cent in September amid continued exodus of investors. 
    Story: Niti Kiran
    Design: Pragati Srivastava

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    The overall assets under management saw their first decline of 2.3 per cent in the current financial, to Rs 26.86 lakh crore.

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    While liquid funds were the biggest drag in the debt segment, multi-cap and large-cap schemes saw the highest net outflows among equity categories in September.

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    Equity schemes saw net outflows for the third straight month, albeit lower at Rs 734 crore in the month of September.

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    Investors pulled over Rs 50,000 crore from debt funds, the highest outflow since March 2020.

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    The hybrid schemes have recorded net outflows for the third month in a row at Rs 4,219 crore.

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    The SIP contribution continued to slip for the sixth straight month as it stood at Rs 7,788 crore in September compared to Rs 7,792 crore in August