Page 11 - Aum

India-dedicated funds pull out $653 million in July, shows EPFR data

Assets under management (AUM) of India-dedicated funds have slid by about a fifth in the past year

Mutual fund penetration poor in most states; way below global average

Many have mutual fund assets which are less than 2% of economic output

Prefer short-duration bond funds to credit-risk funds for safer investment

However, SEBI does not specify the credit profile of the funds

IL&FS effect: Investors shift money to overnight funds, AUM surges 3-fold

Category could emerge larger as Sebi seeks ways to reduce risks in liquid schemes

Assets under management of top India-focused offshore equity funds shrink

For the 12-month ended June 2018, FPI outflows stood at $500 million