As per data from the Association of Mutual Funds in India (AMFI), the assets under management (AUM) of mutual fund industry fell to Rs. 21.38 lakh crore in Dec 2017 from Rs. 22.79 lakh crore in Nov 2017. Overall, outflow in mutual fund schemes stood at Rs. 1,64,096 crore in Dec compared with an inflow of Rs. 1,26,172 crore in the preceding month. Liquid funds saw maximum outflow of Rs. 1,27,597 crore whereas equity and Equity-Linked Saving Scheme (ELSS) saw an infusion of Rs. 16,087 crore. Meanwhile, income funds saw net outflow of Rs. 60,151 crore during the period.