Mutual fund industry AUM dips from record high to Rs 8.14 tn
Assets under management (AUM) of the mutual fund industry fell 1.5 per cent to Rs 8.14 lakh crore in February from the record high in January due to mark-to-market fall in equity mutual funds, a report by Crisil Research said.
"The fall in AUM was attributed to the mark to market fall in assets of equity oriented mutual funds following the 6 per cent decline in the CNX Nifty during the month," the report said.
Assets under the income funds also declined due to tight liquidity conditions prevailing towards the end of this financial year, it added.
Also, the inflows saw sharp drop in net inflows of Rs 3,600 crore in February as compared to Rs 60,700 crore in the previous month.
Meanwhile, the AUM of equity funds declined to Rs 1.76 lakh crore, which was down over 7 per cent or Rs 13,800 crore, marking the largest decline in the past 15 months.
"Month-end AUM of equity funds declined to Rs 1.76 lakh crore (down over 7 per cent or Rs 13,800 crore) - the largest decline in past 15 months - led by mark to market losses in the underlying assets and marginal outflows," the report said.
However, net outflows from the category slowed to Rs 160 crore in February, which was the lowest in the past nine months.
On income funds front, the AUM in this category fell by 1.4 per cent to Rs 3.93 lakh crore in February, primarily due to outflows of Rs 5,300 crore from the category.
"Tight liquidity conditions towards the
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