Assets under management of the Indian mutual fund industry fell 2.83 per cent month-on-month to Rs. 22.60 lakh crore in May compared to April, according to the Association of Mutual Funds in India.
However, assets under management (AUM) witnessed growth of 18.68 per cent year-on-year. The industry witnessed total net outflow of Rs. 50,000 crore in May, against net inflow of Rs. 1,37,428 crore in April.
The main reason for this reversal can be attributed to the liquid/money market category, which registered an outflow of Rs. 46,724 crore in May, against an inflow of Rs. 1,16,486 crore in April.
