Around nine mutual funds saw a decline by more than Rs 200 crore in their AUM in March. We considered all equity and equity oriented schemes including sectoral and thematic funds. Here is a detailed breakup. (Source: ACE MF)
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj