Equity mutual fund inflows dropped in September as investors paused lump-sum investments amid market uncertainty. However, monthly SIPs reached a new high. Gold and silver ETFs experienced a surge in demand, attracting substantial investments. Debt funds saw outflows, largely due to tax requirements. Hybrid funds also recorded lower inflows compared to the previous month.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs