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Business EconomyPosted at: Dec 13 2017 3:53PM


Mutual fund industry AUM at a record high of Rs 22.79 lakh crore

Mumbai, Dec 13(UNI) Assets Under Management (AUM) of the Indian mutual fund industry came in at Rs 22.79 lakh crore in November 2017 as against Rs 21.41 lakh crore in October 2017 according to the
Association of Mutual Funds in India (AMFI)
The positive momentum of the industry continued in November and the overall investor sentiment was boosted by India’s rating upgrade by Moody’s.
The total net inflow for November 2017 stood at Rs. 1,26,172 crore with the maximum inflow of Rs. 77,408 crore witnessed in the Liquid category. Equity (including Equity Linked Savings Schemes or ELSS),
Balanced and Other ETFs saw inflows to the tune of Rs. 20,308 crore, Rs. 7,614 crore, and Rs. 12,447 crore, respectively.
In November 2017, Equity funds (including ELSS) witnessed monthly net inflow of Rs. 20,308 crore, a significant growth of 124 percent Year-on-Year.
So far in FY2018, cumulative inflows into these funds have almost tripled to Rs. 116,667 crore compared with Rs. 40,706 crore in the same period of the previous year.
The mutual fund industry has added close to 9 lakh SIP accounts in each of the eight months in FY2018. According to AMFI data, SIP contribution for the month of November 2017 stood at Rs. 5,893 crore
as against Rs. 3,884 crore in November 2016, a growth of 52%.

The total folio count at the end of November 2017 stood at 6.49 crore, 2.7 percent higher compared with October 2017, according to data from the Securities and Exchange Board of India (SEBI).
The mutual fund industry added close to 17.56 lakh new folios in the month out of which 12.24 lakh were in the Equity category (including ELSS). Other ETFs as a category also witnessed phenomenal growth in
folio count mainly due to the NFO of a particular ETF that received very good response from investors.
However, folio count in Income, Gilt, Gold ETFs and Fund of Funds investing overseas witnessed de-growth from October-end levels. The fall in folio count in debt categories could be because investors
are preferring equity over debt as there are concerns relating to fiscal deficit and rising inflation.
UNI JS SM1518
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