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Trends AAUM of MF industry crosses Rs.18 lakh crore

AAUM of MF industry crosses Rs.18 lakh crore

The mutual fund industry has seen a huge growth spurt in February.
Daya R Mar 24, 2017

The average assets managed by the Indian mutual industry has crossed Rs.18 lakh crore in February 2017. AMFI’s latest data shows that AAUM of the MF industry has reached all-time high at Rs.18.48 lakh crore in February 2017.

“Average assets under management (AAUM) of Indian mutual fund industry for the month of February 2017 has crossed a landmark of Rs.18 lakh crore and stood at Rs. 18.48 lakh crore. The AUM as on February 28, 2017 stood at ₹17.89 lakh crore,” said AMFI.

The AUM of the industry was Rs.3.26 lakh crore as on 31st March 2007. This shows that there has been a fivefold increase, in less than 10 years from Rs.3.26 lakh crore to Rs.17.89 lakh crore. In the last 4 years, the AUM has almost doubled from Rs.5.87 lakh crore as on 31st March 2012 to Rs.12.33 lakh crore as on 31st March 2016.

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 two years and nine months, the AUM size has crossed Rs.17.89 lakh crore last month.

The total number of folios as on February 28, 2017 stood at 5.44 crore, while the number of folios under equity, ELSS and balanced schemes, wherein the maximum investment is from retail segment stood at 4.35 crore.

Commenting on the growth spurt, Suresh Soni, CEO DHFL Pramerica MF attributes this to the investor awareness taken up by the industry. “The industry has been steadily investing in awareness programs. This along with the district adoption programs and other initiatives might be the reason for doubling the AUM in the past few years,” he said.

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