8 equity mutual funds saw AUMs drop by over Rs 100 crore in September
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Decline in AUM
Around 74 equity mutual funds saw a decline in their AUM (Assets Under Management) in September. Here are the eight equity schemes that experienced a decline of more than Rs 100 crore (Source: ACE MF).
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Declines by Category
The schemes that saw a decline in AUM of over Rs 100 crore were primarily from the PSU fund and arbitrage fund categories.
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SBI Arbitrage Opportunities Fund
The SBI Arbitrage Opportunities Fund experienced the highest decline in AUM, decreasing by Rs 1,312 crore, bringing the total AUM to Rs 31,102 crore in September, down from Rs 32,415 crore in August.
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Aditya Birla SL Arbitrage Fund
The Aditya Birla SL Arbitrage Fund saw a monthly decline in AUM of Rs 813 crore, with a total AUM of Rs 12,502 crore in September compared to Rs 13,315 crore in August.
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mutual funds
Two other arbitrage funds—Nippon India Arbitrage Fund and HDFC Arbitrage—experienced declines in AUM of Rs 569 crore and Rs 379 crore, respectively.
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Invesco India PSU Equity Fund
The Invesco India PSU Equity Fund saw a decline in AUM of Rs 157 crore, resulting in a total AUM of Rs 1,435 crore in September, down from Rs 1,593 crore in the previous month.
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ICICI Pru Equity-Arbitrage Fund
The ICICI Pru Equity-Arbitrage Fund experienced a decline of Rs 153 crore in AUM on a monthly basis, with an AUM of Rs 23,957 crore in September compared to Rs 24,111 crore in August.
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SBI PSU Fund
The SBI PSU Fund, which is based on the PSU theme, saw a decline in AUM of Rs 147 crore, bringing the total AUM to Rs 4,703 crore in September from Rs 4,851 crore in August.
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Tata Arbitrage Fund
The Tata Arbitrage Fund experienced a monthly decline of Rs 130 crore in AUM, with a total AUM of Rs 11,671 crore in September compared to Rs 11,802 crore in August.