The AUM of mutual funds fell 4% in February, the biggest in over three years.

Even though the industry's assets are close to Rs 10 lakh crore more than they were a year ago, the net assets under management fell by 4% in February compared to the previous month, which is the biggest loss since June 2022.

The mutual fund industry's assets under management experienced their largest contraction in almost three years as a result of lower fund mobilization and a downturn in markets.

The net assets under management fell to 4% in February from the previous month, the biggest loss since June 2022, despite the industry's assets being close to Rs 10 lakh crore compared to the previous year. At Rs 2.7 lakh crore, the value decrease is the biggest since March 2020, when the industry saw a drop in assets under control of Rs 5 lakh crore.

The industry's AUM was Rs 64.5 lakh crore at the end of February, down from Rs 67.2 lakh crore the month before. In November, the industry's AUM reached its highest point at Rs 68.1 lakh crore.