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Despite strong SIP inflows, MF industry witness net outflows in Feb

The mutual fund industry witnessed net fund outflows of Rs 20,083 crore in February. The asset under management at February end stood at Rs 23.16 lakh crore. While the balanced, liquid, income and gilt funds saw exits, SIPs continued to remain robust. SIP inflows touched an all-time high of Rs 8,095 crore and the industry added 2.5 lakh SIP accounts. ELSS also attracted investor attention to meet the tax deduction benefit ahead of the March 31 deadline.

Read More at The Economic Times News date : 9 Mar 2019, Saturday

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