MF industry AUM scales an all-time high of Rs. 13.16 lakh crore

Thanks to healthy inflows in liquid and income funds, the AUM of the industry scaled a new high of Rs. 13.16 lakh crore in July, up 12% from Rs. 11.73 crore in June.

Liquid funds received net inflows of Rs. 89,825 crore while income funds received inflows of Rs. 21,600 crore. A large part of the inflows came in existing open end income funds which collected Rs. 48,535 crore (gross sales). The industry launched 21 FMPs which collected Rs. 2,889 crore, most of which came with a maturity of 1,100 days. The total gross sales in income funds stood at Rs.51,589 crore while the gross redemptions stood at Rs. 29,989 crore which resulted in net inflows of Rs. 21,600 crore.

Equity funds continued the positive trend in inflows. However, the inflows almost halved to Rs. 5,758 crore in July. In June, equity funds received net inflows of close to Rs. 12,000 crore, most of which had come in arbitrage funds.

Thanks to mark to market gains and inflows in existing schemes, the total equity AUM went up to Rs. 3.93 lakh crore in July, up 6% from Rs. 3.72 lakh crore in June. The BSE Sensex was up 1% in July. The net inflows from April-July in equity funds stood at Rs. 38,013 crore.  

Among the new fund offers, Mirae Asset Prudence Fund and Reliance US Equity Opportunities Fund collectively mopped up Rs. 148 crore.

Barring Gold ETFs, fund of funds investing overseas and equity ETFs, all other categories saw positive inflows.

All in all, the industry received net inflows of Rs. 1.18 lakh crore which helped the industry’s AUM scale a new high of Rs. 13.16 lakh crore.

Net inflows/outflows in July 2015