MF Industry AUM came in at Rs. 22.60 lakh crore in May 2018
Jun 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 came in at Rs. 22.60 lakh crore in May 2018 from Rs. 23.26 lakh crore in Apr 2018, registering a decline of 2.83%. Overall, outflow in mutual fund schemes stood at Rs. 50,000 crore in May while there was an inflow of Rs. 1,37,428 crore in the preceding month. Liquid funds saw maximum net outflow of Rs. 46,724 crore during the month followed by income category that witnessed net outflow of Rs. 20,407 crore. Meanwhile, equity schemes (excluding arbitrage funds) and ELSS categories saw total net inflow of Rs. 11,350 crore in the month under review.