| India: With markets at peak, mutual fund redemptions surge: Report
August 23, 2024-Total Assets Under Management (AUM) for mutual funds in July 2024 increased by 40 per cent compared to the previous year, but redemptions surged by 61 per cent during the same period |
| Investment in mutual funds continues to grow month over month, but a recent trend shows a significant rise in redemptions as investors book profits with markets at their peak, narrowing the gap between investments and redemptions. According to the Axis Mutual Funds monthly data report, total Assets Under Management (AUM) for mutual funds in July 2024 increased by 40 per cent compared to the previous year, but redemptions surged by 61 per cent during the same period. |