Thematic, flexicap assets shrink over rise in volatility, shows data

The benchmark indices gained 0.3 per cent in October, while the smallcap indices ended a per cent lower

The sharp correction in the markets over the past week has made a dent into the assets under management (AUM) of thematic and flexicap equity schemes.

The flexicap fund category has seen a Rs 11,266 crore drop in AUM to Rs 2.04 trillion in October, shows the data from AMFI. The thematic/sectoral category has seen its AUM decrease by Rs 16,675 crore to Rs 1.20 trillion.

Given the spike in volatility, industry players say, investors are moving their funds from small cap and thematic funds to relatively safer large cap funds.

The benchmark indices gained 0.3 per cent in October, while the smallcap