MF assets rise to Rs10.12 lakh Cr in Aug

By PTI
08 September, 2014

The asset base of mutual fund industry rose by more than Rs 6,300 crore to Rs 10.12 lakh crore in August boosted by inflows in equity funds. 

Assets Under Management (AUM) of the country’s 45 fund houses increased from Rs 10,06,452 crore in July to Rs 10,12,824 crore last month — up Rs 6,372 crore, according to the monthly numbers released by the Association of Mutual Funds in India. 

The asset base had crossed the Rs 10 lakh crore mark for the first time in May, when the markets rose after Prime Minister Narendra Modi led BJP government came to power. 

The rise in AUM during 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 per cent in August. 

The equity mutual funds witnessed an inflow of Rs 5,217 crore taking the assets base to Rs 2.35 lakh crore. Also, balanced fund saw an inflow of Rs 448 crore to take the AUM to Rs 17,293 crore. 

Liquid funds’ AUM grew to Rs 2.45 lakh crore last month from Rs 2.44 lakh crore in July. 

On the other hand, income funds’ asset base fell to Rs 4.61 lakh crore in August from Rs 4.71 lakh crore in the preceding month, led by outflows of Rs 12,696 crore.


Leave Your Comment
Mutual fund inflows shrink by a third in the first two months of new fiscal

Mutual fund inflows shrink by a third in the first two months of new fiscal

PTI 2 years ago
Investors have pumped in over Rs 1 lakh crore into various mutual fund schemes in the first two months of the current financial year, 2015-16,...
Equity mutual funds saw net inflow of around $8B in 2014

Equity mutual funds saw net inflow of around $8B in 2014

PTI 3 years ago
Mutual funds pumped in a whopping Rs 49,000 crore in equity schemes in 2014 after witnessing an outflow in the preceding year on account of...
FinMin to give in-principle approval for UTI MF IPO soon

FinMin to give in-principle approval for UTI MF IPO soon

PTI 3 years ago
Country oldest fund house UTI Mutual Fund may revive its initial public offer (IPO) plan after Finance Ministry’s nod which is expected soon. “There is...
No Comments

MF assets rise to Rs10.12 lakh Cr in Aug

Powered by WordPress.com VIP