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MFs saw sharp erosion in AUMs last month

Mutual funds or MFs have seen sharp erosion in assets in the month of October. Total assets under management MFs have seen sharp erosion in assets in October and the total AUMs may be down 20% in a month. Thankfully, the equity component of overall pool of five lakh crore is not so great, rather it’s just Rs 1.3 to 1.4 lakh crore. Thus, the loss there has been not as brutal as it has been in debt funds Following is the data available of the AUMs of various Mfs Compan Reliance MF DS HDFC

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