Mutual Fund AUM at all-time high of Rs 66.70 lakh crore in August: AMFI
AUM has hit an all-time high of Rs 66.70 lakh crore, led by net inflows across open-ended categories and mark-to-market (MTM) gains in the equity market. The industry AUM rose by 2.7% or Rs 1.74 lakh crore in absolute terms from Rs 64.97 lakh crore in July, according to a monthly note by the Association of Mutual Funds in India (AMFI).
The assets under management of growth/equity oriented schemes closed at an all-time high of Rs 30.09 lakh crore led by strong inflows and MTM gains. This is around 45% of industry AUM.
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The monthly note also stated that, “Equity AUM increased by Rs 75,055 crore led by MTM gains and strong inflows. Strong signals of an imminent rate cut by the US Fed in the near future, coupled by continued buying by domestic institutional investors (DIIs) and foreign institutional investors (FIIs) helped the domestic equities to touch all-time high during the month.”
The sectoral/thematic category witnessed highest inflows in August, led by funds mobilised through new fund offers (NFOs). Similar to July, more than 50% of the inflows in the sectoral/thematic category were led by funds mobilised through the NFOs launched in August.
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