Home >Market >Stock-market-news >Mutual funds’ AUM in August surge to new record, touch Rs15.63 trillion

Mumbai: Indian mutual funds’ assets under management (AUM) touched a record high of 15.63 trillion at the end of August as investors remained positive in view of the appreciating trend in equity and debt markets along with a continued pick-up in domestic economic growth.

Total monthly AUM rose for the second consecutive month, up 2.97%, or 25,332 crore, in August, after a jump of 10%, or 1.37 trillion, in the month before, data from the Association of Mutual Funds of India (Amfi) showed.

Income funds AUM—accounting for 45.05% of the total—increased by 28,457 crore to 7.04 trillion during August—the fifth consecutive month of net inflows.

Liquid and money market schemes saw a net outflow of 13,182 crore to total AUM size of 2.89 trillion. These are the schemes in which companies usually invest their surplus liquid funds.

Equity schemes, which account for nearly 30% of the total industry AUM, reported net inflow of 6,505 crore month-on-month to total AUM size of 4.67 trillion.

During the same period, the Bombay Stock Exchange’s benchmark Sensex index rose 1.43%, stock exchange data showed. The BSE 500 index, which is a broad representation of the Indian stock market, rose 2.15% in August.

The Sensex gained 23.7% in the past six months, exchange data showed.

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