SBI, Kotak and Nippon India Mutual Fund see highest inflows in FY 21-22
SBI Mutual Fund, Kotak Mutual Fund, and Nippon India Mutual Fund witnessed the highest inflows in the second quarter of the financial year, according to a Morningstar report. Aditya Birla Sun Life Mutual Fund, IDFC Mutual Fund, and Franklin Templeton Mutual Fund witnessed largest outflows during the period.
SBI Mutual Fund saw inflows of Rs 39,282 crore. A significant part of the net inflow in SBI Mutual Fund was due to its NFOs of SBI Balanced Advantage Fund and a couple of equity ETFs. Kotak Mutual Fund witnessed inflows of Rs 20,649 crore in the same period. Nippon India Mutual Fund garnered Rs 13,290 crore.
Fund houses that saw the highest net outflows were Aditya Birla Sun Life with Rs 3,453 crore, IDFC with Rs 3,119 crore, and Franklin Templeton with Rs 2,123 crore.
Among ETFs, SBI Mutual Fund received the highest flows during the quarter ended September 2021, with net inflows of Rs 11,938 crore, followed by UTI and Nippon India, which received Rs 3,702 crore and Rs 3,339 crore, respectively.
