Indian mutual fund industry commenced the new fiscal year on a positive note with the total Assets Under Management (AUM) reaching an all-time high of Rs. 19.26 lakh crore in Apr 2017, data from Association of Mutual Funds of India (AMFI) confirmed. The AUM rose 9.78% from Rs. 17.54 lakh crore in Mar 2017. The growth is due to record inflows in liquid, income, and equity funds. The industry data showed that equity funds received inflows of Rs. 8,842 crore in Apr. The rise in the inflows of equity funds is mostly due to investments by the retail investors through Systematic Investment Plans (SIPs). Similarly, balanced funds received inflows of Rs. 7,136 crore. Among debt funds, income and liquid funds received inflows of Rs. 34,647 crore and Rs. 99,403 crore, respectively, in Apr, largely because of investments from corporates and institutions.