 "Assets of largecap and flexicap funds fall in April: Amfi")
The correction in the Indian equity markets in April has led to a fall in daily assets under management (AUM) for a few equities fund categories. The data from Association of Mutual Funds in India (Amfi) shows that in April large-cap funds, flexi-cap funds and sectoral funds saw a decline in daily AUM compared to March.
Daily AUM of the large-cap category stood at Rs 2.23 trillion in April compared to Rs 2.26 trillion in March, while AUM of flexi-cap funds fell to Rs 2.05 trillion in April as against Rs 2.07 trillion in March.
Indian equity markets have been
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