Mutual funds' AUM rose to Rs. 26.33 lakh crore

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Mumbai, Ta. 08 November 2019, Friday

At the end of October, mutual funds' asset under management (AUM) was up by 5.5 per cent to Rs 1.8 lakh crore in September. Equity and liquid schemes have seen a surge in strong inflows.

Asset under management of six companies belonging to the mutual fund industry stood at Rs 1.8 lakh crore at the end of September, according to data from the Association of Mutual Funds in India (Amphi).

Overall inflows in October stood at Rs 1.8 lakh crore, after seeing a drop of Rs 1.8 lakh crore in September. Of this, Rs 1 crore has come to liquid funds. The rise in the retail base and strong inflows into equities and liquid funds have led to the rise in asset base, fund managers said.

In open-ended schemes, equity inflows of Rs 5 crore have been made, while closed-ended equity schemes have an outflow of Rs 5 crore.

Investors' mood to invest in fund house schemes has improved as a result of the improvement in the domestic equity market, said one analyst.

Investor sentiment has improved due to the steps taken by the government to improve the economy in the country. Investor confidence has been established through government measures.


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