Equity AUMs shrink as markets saw biggest-ever monthly fall in 21 months

The small-cap and sectoral funds, however, saw an increase in their AUM by Rs 1,360 crore and Rs 466 crore

Assets under management (AUM) of prominent equity sub-categories shrank in November as markets saw their biggest-ever monthly fall in 21 months.

Concerns around the spread of the Omicron variant, US Federal Reserve’s hawkish turn, and sharp selling by foreign portfolio investors (FPIs) were some of the factors that weighed on market performance. The benchmark Sensex fell 3.8 per cent — the most since March 2020.

The large-cap fund category saw AUM decrease by Rs 6,433 crore to Rs 2.14 trillion at the end of November, from Rs 2.2 trillion in October, reveals the data from the Association of Mutual Funds