Equity mutual funds recorded Rs 30,422 crore in inflows in September, marking a second consecutive decline. Flexi-cap funds led inflows, while midcap, smallcap, and largecap funds fell. Multi-cap, large & midcap, value/contra, and focused funds saw growth, but sectoral, ELSS, and dividend yield funds declined.
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