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Equity mutual funds attracted net inflows of Rs 25,978 crore in February, marking a 8 per cent rise from the previous month amid the India-US trade deal, according to data released by industry body Amfi on Tuesday. This lifted the industry's Assets Under Management (AUM) to Rs 82 lakh crore in February from Rs 81 lakh crore in January. This positive inflow in equities could be driven by the India-US trade deal, Venkat N Chalasani, CEO of Amfi said. "There could be some volatility in this month due to escalating Middle East conflict involving the US, Israel, and Iran but India's growth story will continue in the long-term," he added. Going by the data, equity inflows rose to Rs 25,978 crore in February, higher than the Rs 24,028 crore seen in the preceding month. Within equity schemes, flexi cap funds attracted the highest net inflow of Rs 6,924.65 crore, followed by mid-cap funds at Rs 4,003 crore and small-cap funds at Rs 3,881 crore. Sectoral and thematic funds also saw inflo
Equity mutual funds attracted Rs 28,054 crore in December, marking a decline of over 6 per cent from the preceding month, according to data released by industry body Amfi on Friday. The easing of equity inflows coincided with a marginal contraction in the mutual fund industry's overall asset base with the total Assets Under Management (AUM) slipping to Rs 80.23 lakh crore in December from Rs 80.80 lakh crore in November, reflecting the impact of heavy withdrawals from debt schemes. Overall, the mutual fund industry reported net outflows of Rs 66,591 crore during the month, largely on account of steep redemptions from debt schemes, even as equity and gold funds continued to draw investor interest, the data showed. While equity inflows softened sequentially from Rs 29,911 crore in November, though it remained higher than Rs 24,690 crore in October. Most equity sub-categories continued to see positive traction in December, barring dividend yield and ELSS (equity-linked saving schemes