Despite volatility in key market indices, the average assets under management (AAUM) of the mutual fund industry crossed an all-time high of Rs.21 lakh crore in September 2017. AMFI’s latest data shows that AAUM of the MF industry has reached Rs.21.45 lakh crore in September 2017.
The AAUM of the industry increased nearly a trillion and a half in just three months. The average AUM of the MF industry has increased from Rs.19.92 lakh crore in June 2017 indicating a growth of 8% in a quarter.
However, the monthly AUM of industry stood at Rs.20.40 lakh crore in September 2017 due to large-scale redemption from corporates and intuitional investors from the debt funds to pay advance tax.
While AAUM is the average assets of the entire month, which is calculated by factoring in all working days of the month, month end AUM is the assets of the industry as of the last working day of the month.
Experts say that the growth has come largely because of higher inflows in balanced funds, arbitrage funds and equity funds through SIPs.
AMFI data shows that the industry has received net inflows Rs.29,045 crore in equity funds including pure equity funds, balanced, ELSS and equity ETFs in September.
The total equity AUM has increased by Rs.25,000 crore to reach a record high at Rs.8.49 lakh crore in September.
The Industry’s AUM had crossed the milestone of Rs.10 lakh crore for the first time in May 2014 and in a short span of a little over three years, the AUM size has doubled Rs.20 lakh crore.
The total number of folios as on September 30, 2017 stood at 6.20 crore, while the number of folios under equity, ELSS, balanced schemes and ETFs, wherein the maximum investment is from retail segment stood at 5.10 crore.