HDFC Balanced Advantage among 11 equity mutual funds that saw outflows of over Rs 300 crore in May
Around 11 equity mutual funds saw an outflow of over Rs 300 crore in May. There were 742 equity and equity-oriented funds, of which 267 funds saw outflows. Here is the detailed break-up, according to data by ACE MF.
HDFC Balanced Advantage Fund saw an outflow of Rs 1,361 crore on a monthly basis, taking the total AUM to Rs 1.04 lakh crore in May compared to an AUM of Rs 1.05 lakh crore in April.
ICICI Pru Value Fund saw an outflow of Rs 633 crore on a monthly basis, taking the total AUM to Rs 58,954 crore in May compared to an AUM of Rs 59,588 crore in April.
Mirae Asset Large Cap Fund saw an outflow of Rs 546 crore on a monthly basis, taking the total AUM to Rs 37,692 crore in May compared to an AUM of Rs 38,239 crore in April.
Axis ELSS Tax Saver Fund and Axis Large Cap Fund saw outflows of Rs 542 crore and Rs 493 crore, respectively, in May. Axis ELSS Tax Saver Fund is the largest ELSS fund based on assets managed and had an AUM of Rs 31,023 crore.
Aditya Birla SL Large Cap Fund saw an outflow of Rs 329 crore on a monthly basis, taking the total AUM to Rs 28,640 crore in May compared to an AUM of Rs 28,969 crore in April.
HSBC Value Fund, a value fund, saw an outflow of Rs 324 crore on a monthly basis, taking the total AUM to Rs 14,547 crore in May compared to an AUM of Rs 14,872 crore in April.
HDFC Large Cap Fund saw an outflow of Rs 312 crore on a monthly basis, taking the total AUM to Rs 37,808 crore in May compared to an AUM of Rs 38,121 crore in April.
The other 256 funds saw outflows ranging between Rs 0.05 crore and Rs 273 crore in the month of May.
