BS Fund Manager: Will volatile markets put mutual funds to test again?

Equity MFs have emerged as a saviour in domestic markets as FPIs have continued to sell stocks

In 2021, the Indian asset management industry has fared pretty well as equity funds continue to garner investors’ attention. The average assets under management (AAUM) of the Indian Mutual Fund (MF) industry rose to Rs 38.45 trillion as of November end from Rs 29.83 trillion a year ago.

While the AAUM of open-ended debt-oriented schemes stood at Rs 14.91 trillion in November 2021, compared to Rs 14.02 trillion a year-ago, the assets under pure equity funds rose to Rs 13.20 trillion from Rs 8.30 trillion during this period. Flows into equity funds, which is the most profitable segment for asset