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.