Mutual Funds’ August AUMs touch a new peak

By: |
Mumbai | Updated: September 9, 2016 7:48:59 AM

Assets under management of the mutual fund industry touched a new high at Rs 15.63 lakh crore in August. The surge in AUMs was largely because of inflows in equity, balanced and debt funds.

AUM

Assets under management (AUMs) of the mutual fund industry touched a new high at Rs 15.63 lakh crore in August. The surge in AUMs was largely because of inflows in equity, balanced and debt funds.

The latest data from the Association of Mutual Funds in India (Amfi), show that AUMs of the industry as on August 2016 stood at Rs 15.63 lakh crore, with income funds having total AUMs of Rs 7.04 lakh crore and assets of equity funds (which also include equity-linked saving schemes) standing at Rs 4.67 lakh crore.

Industry participants say with rising equity markets and positive returns in some of the of the equity schemes across categories have attracted investors in the past few months.

“There have been continuous flows from retail investors. The trend is that investors are not only putting money into pure equity schemes, but even in balanced funds. I think investors are coming in through systematic investment plans (SIPs) as their inflow volume now stands at Rs 3,000-3,500 crore on a monthly basis. Long-term investors are seeing positive returns in their portfolios and are continuing with their investments,” said the managing director of a top fund house.

The data from Amfi also show that new inflows into mutual funds in August stood at Rs 25,332 crore. Inflows in income schemes were at Rs 28,457 crore.

Equity funds continued to see net inflows of Rs 6,103 crore in August. So far in the current financial year, equity schemes have witnessed inflows of around Rs 16,500 crore.

Apart from income schemes, balanced funds saw net inflows of Rs 2,732 crore last month along with

ELSS-Equity schemes which witnessed flows of Rs 402 crore. On the other hand, liquid schemes and gold exchange-traded funds (ETFs) saw outflows of Rs 13,182 crore and Rs 51 crore, respectively.

Crisil in its media note said, “Equity funds continued to be on a strong footing, led by Rs 6,505 (equity and ELSS) crore inflows in August – the highest in the last one year. Consistent inflows over the past 28 months (except for a small outflow in March 2016) clubbed with mark-to-market gains pushed up the category’s assets to a new high of Rs 4.67 lakh crore, up 3.7% or by Rs 16,885 crore, in August. The equity market, represented by the Nifty, gained 1.7% in the month.”

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