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MF News MF industry average AUM inches close to Rs.24 lakh crore in July

MF industry average AUM inches close to Rs.24 lakh crore in July

Experts say that the growth has come largely because of higher inflows in equity funds through SIPs.
Team Cafemutual Aug 14, 2018

With equity markets reaching an all time high in July, the average assets under management (AAUM) of the mutual fund industry reached close to Rs.24 lakh crore in July 2018. AMFI’s latest data shows that AAUM of the MF industry has reached Rs.23.96 lakh crore last month.

However, the monthly AUM of industry stood at Rs.23.06 lakh crore in July 2018.

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 equity funds through SIPs.

AMFI data shows that the monthly inflows in mutual funds through SIP reached an all-time high of Rs.7554 crore. Data shows that the industry mopped up close to Rs.29,100 crore in the last four months through SIPs. Moreover, the MF industry had added close to 10 lakh SIP accounts each month on an average during the FY 2018-19, with an average SIP ticket size of about Rs.3,250.

Currently, the industry has 2.33 crore active SIP accounts.

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