With rising equity markets, the average assets under management (AAUM) of the mutual fund industry reached close to Rs.22 lakh crore in October 2017. AMFI’s latest data shows that AAUM of the MF industry has reached Rs.21.79 lakh crore in October 2017.
The average AUM of the MF industry has increased from Rs.19.92 lakh crore in June 2017 indicating a growth of 9% in a quarter.
However, the monthly AUM of industry stood at Rs.21.41 lakh crore in October 2017.
While AAUM is the average assets of the entire month and 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 monthly inflows in mutual funds through SIP reached an all-time high of Rs.5,621 crore. Data shows that the industry mopped up close to Rs.35,000 crore in the last seven months through SIPs. Moreover, the MF industry had added about 8.86 lakh SIP accounts each month on an average during the FY 2017-18, with an average SIP ticket size of about Rs.3,250.
Overall, AMFI data shows that the industry has received net inflows Rs.23,574 crore in equity funds including pure equity funds, balanced, ELSS and equity ETFs in October. The total equity AUM has increased by Rs.66,000 crore to reach a record high at Rs.9.16 lakh crore in October.
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 to Rs.20 lakh crore.
The total number of folios as on October, 2017 stood at 6.32 crore.
