Driven by investments in liquid schemes, the debt-oriented mutual funds witnessed a strong recovery in October attracting a net inflow of Rs 1.57 trillion after huge redemptions in the previous month.
It included 21 domestic mutual funds through a total of 83 schemes (34.42 per cent of the total allocation to anchor investors).
F&O trades and mutual funds are reportedly the focal point of the Securities and Exchange Board of India (SEBI) board meeting being held on Monday.
Equity funds saw Rs 38,239 crore inflows in August, a 3.03 per cent growth from Rs 37,113 crore witnessed in July.
The Securities and Exchange Board of India (SEBI) has proposed allowing Indian mutual funds to invest in overseas mutual funds or unit trusts that in turn invest a portion of their funds in Indian securities.
The six schemes together had an estimated Rs 25,000 crore as AUM.
The company had shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market.
Debt schemes folios count went up by 2.23 lakh to 75.25 lakh. Barring, long duration, credit risk, all categories in debt funds witnessed growth in folios.
On April 23, Franklin Templeton shook the investors by closing its six debt mutual fund schemes, citing redemption pressure and lack of liquidity in the bond market.
The regulator observed that the SBI had, in June 2018, intimated the SEBI that it holds 18.24 per cent of equity shares of UTI Asset Management Company and sought time of more than three years for exiting the investment.
