The AUMs have recovered partially with the benchmark indices bouncing back 4 per cent in the past two trading sessions. Smallcap funds recorded one of the lowest declines in AUM among active MF schemes at 5.2 per cent despite the smallcap indices seeing the sharpest correction compared to other marketcap based indices. The Nifty Smallcap 100 declined 8.2 per cent on Monday compared to a 7.9 per cent fall in Nifty Midcap 100 and 5.9 per cent slump in Nifty 50.
The market run-up on Wednesday led to partial recovery in MF AUMs across schemes. The overall AUM on Wednesday was only Rs 64,000 crore lower than the Monday tally even as some of the fund houses were yet to update the latest AUM on Amfi website.
First Published: Jun 07 2024 | 12:28 AM IST
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