Mutual fund industry’s total assets under management (AUMs) declined the most in nearly three years in December, on the back of outflows from income and liquid schemes, while equity AUMs, on the other hand, scaled a new record on the back of continued inflows into equity schemes, and a buoyant market.
Mutual funds’ total AUMs dropped 6.21% to Rs21.4 trillion at the end of December, the biggest such decline since March 2015, data from the Association of Mutual Funds of India (Amfi) showed on Friday.
Net outflows from liquid schemes came in at Rs1.3 trillion in the last month, the highest ever and those from income schemes added up to Rs60,151 crore the highest since June 2010.
