The total assets under management (AUM) of the mutual fund industry fell 4%, from Rs 66.98 lakh crore in January to Rs 64.26 lakh crore in February.

Inflows into India's equity mutual funds shrank to a 10-month low in February as the benchmark index posting its longest falling streak in nearly three decades pushed away investors, data released on Wednesday showed.

Inflow into equity mutual funds in February slid to ₹29, 303 crore against ₹39,687 crore in January. The equity inflow had fallen in January as well against December. Steep fall was witnessed in mid and small cap funds where monthly inflow was ₹3,