HDFC Arbitrage Fund lost Rs 1,312 crore in June, while ICICI Pru Technology and Tata Digital India funds saw Rs 811 crore and Rs 463 crore outflows, ACE MF data showed.
Alpha Score of 49 reflects weak overall profile with strong momentum, poor value, moderate quality. Based on 3 of 4 signals – score is capped at 90 until remaining data ingests.
Eight equity mutual funds each saw outflows exceeding Rs 220 crore in June, data from ACE MF showed.
HDFC Arbitrage Fund, an arbitrage scheme, recorded the highest outflow at Rs 1,312 crore. Its AUM fell to Rs 23,771 crore from Rs 25,084 crore in May.
ICICI Pru Technology Fund saw Rs 811 crore in outflows. Tata Digital India Fund lost Rs 463 crore. The technology fund's AUM declined to Rs 12,547 crore. Tata Digital India Fund's AUM dropped to Rs 9,196 crore.
Axis Greater China Equity FoF and Motilal Oswal Nasdaq 100 FOF each saw outflows of Rs 316 crore. Their AUM fell to Rs 3,851 crore and Rs 8,267 crore.
ICICI Pru Equity Savings Fund lost Rs 233 crore, bringing its AUM to Rs 16,499 crore. ICICI Pru Energy Opportunities Fund saw Rs 229 crore in outflows, with AUM at Rs 8,351 crore.
Aditya Birla SL Digital India Fund, a tech sector fund, saw an outflow of Rs 227 crore. Its AUM fell to Rs 3,589 crore from Rs 3,816 crore.
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