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personal finance | IST

Mirae Asset's Swarup Mohanty decodes September mutual fund data

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Swarup Mohanty, chief executive officer of Mirae Asset Global Investments, decodes September mutual fund data for investors.

For the month of September, mutual fund data has arrived, and the net equity outflow stood at Rs 1,009 crore against Rs 4,029 crore outflow (MoM), while the hybrid fund outflow came in at Rs 4,219 crore. The liquid fund outflow stood at Rs 65,952 crore, as against Rs 15,814 crore outflow (MoM).
The pressure looks to have eased off from last month, but it's still a negative number. Equity, on a whole, has still seen a bit of outflows this time around but it's not so bad as last month. Are things getting better from hereon and could the worst be over? Swarup Mohanty, chief executive officer of Mirae Asset Global Investments, decodes September mutual fund data for investors.
Mohanty said, "Over the last 3 months we are seeing retail participation and the trades per day going up. Especially on days when market correct you can see that the trades at retail level and the corresponding demat account openings is leading to different sort of underlying demographic investor base being added to the industry."
Watch the video for more...