Industry AUM rose 8.90% MoM to Rs. 23.26 lakh crore in Apr 2018
May 07 2018
News Category: Industry Update
As per data from the Association of Mutual Funds in India (AMFI), the assets under management (AUM) of mutual fund industry increased to Rs. 23.26 lakh crore in Apr 2018 from Rs. 21.36 lakh crore in Mar 2018, registering a MoM growth of 8.90%. Overall, inflow in mutual fund schemes stood at Rs. 1,37,428 crore in Apr compared with an outflow of Rs. 50,752 crore in the preceding month. Liquid funds saw maximum net inflow of Rs. 1,16,486 crore during the month followed by equity (including ELSS) category, which witnessed net inflow of Rs. 12,409 crore. Balanced and Exchange Traded Funds (excluding Gold ETF) category also saw net inflow of Rs. 3,500 crore and Rs. 305 crore in the month under review.