BackMutual fund assets rise by 6,300 cr to Rs10.12 trillion in August
The rise in Assets Under Management in August is primarily due to inflows in equity funds, which was eventually helped by a strong stock market
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New Delhi: The asset base of mutual fund industry rose by more than ₹ 6,300 crore to ₹ 10.12 trillion in August boosted by inflows in equity funds.
Assets Under Management (AUM) of the country’s 45 fund houses increased from ₹ 10,06,452 crore in July to ₹ 10,12,824 crore last month—up ₹ 6,372 crore, according to the monthly numbers released by the Association of Mutual Funds in India.
The asset base had crossed the ₹ 10 trillion mark for the first time in May, when the markets rose after Prime Minister Narendra Modi led Bharatiya Janata Party government came to power.
The rise in AUM in August was primarily due to inflows in equity funds, which was eventually helped by a strong stock market.
Besides, retail participation in equity schemes has increased significantly during the recent months.
The BSE benchmark index, Sensex, moved up by about 3% in August.
The equity mutual funds witnessed an inflow of ₹ 5,217 crore taking the assets base to ₹ 2.35 trillion. Also, balanced fund saw an inflow of ₹ 448 crore to take the AUM to ₹ 17,293 crore.
Liquid funds’ AUM grew to ₹ 2.45 trillion last month from ₹ 2.44 trillion in July.
On the other hand, income funds’ asset base fell to ₹ 4.61 trillion in August from ₹ 4.71 trillion in the preceding month, led by outflows of ₹ 12,696 crore.
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