8 equity mutual funds saw AUMs drop by over Rs 100 crore in September

Eight equity mutual funds saw their assets under management (AUM) drop by over ₹100 crore in September 2024. The decline was attributed to market volatility and profit booking by investors. Funds managed by prominent asset management companies, including HDFC Mutual Fund and ICICI Prudential Mutual Fund, were among those affected. The overall mutual fund industry, however, continued to see net inflows, indicating sustained investor interest. Analysts believe that the AUM decline is a temporary phenomenon and expect a rebound as market conditions stabilize. The mutual fund sector remains a key investment avenue for retail investors5.