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Trends AAUM of MF industry reaches close to Rs.18 lakh crore in January

AAUM of MF industry reaches close to Rs.18 lakh crore in January

AMFI’s latest data shows that AAUM of the MF industry reachesall-time high at Rs.17.83 lakh crore in January 2017.
Team Cafemutual Feb 16, 2017

The average assets managed by the Indian mutual industry has reached close to Rs.18 lakh crore in January 2017. AMFI’s latest data shows that AAUM of the MF industry has reached all-time high at Rs.17.83 lakh crore in January 2017.

“Average Assets Under Management (AAUM) of Indian Mutual Fund Industry for the month of January 2017 has crossed ₹ 17.83 lakh crore, while the Assets Under Management (AUM) as on January 31, 2017 stood at ₹17.37 lakh crore,” said AMFI.

The AUM of the Indian MF Industry has grown from Rs. 3.26 lakh crore as on March 31, 2007 to Rs. 17.83 lakh crore as on January 31, 2017, a five-fold increase in a span of less than 10 years, said AMFI’s data.

Another key trend that AMFI has highlighted is that the industry’s AUM had crossed the milestone of Rs.10 lakh crore for the first time in May 2014 and in a span of two years and eight months, the AUM size has crossed Rs.17.37 lakh crore.

The growth has come largely on account of SIPs and mark to market gain. AMFI data shows that the industry has collected Rs. 4095 crore in the month of January 2017. The mutual fund SIPs accounts stood at Rs. 1.28 crore. In fact, the AMFI data shows that the MF industry has been adding about 6.86 lacs SIP accounts each month on an average during the current financial year

As on January 2017, the total number of folios was5.38 crore, while the number of folios under equity, ELSS and balanced schemes, which see the maximum retail participation, added AMFI.

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