LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Mutual fund industry records Rs 22.86 lakh crore AUM; retail investors appetite rises

On yearly basis, the mutual industry AUM witnessed growth of 20.57%.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Mutual fund industry records  Rs 22.86 lakh crore AUM; retail investors appetite rises
Representational Image: Photo: Pixabay
Written By: ZeeBiz WebTeam
Updated: Tue, Jul 17, 2018
02:46 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Money earning scheme: This SBI plan will give you more than Rs 81,000 interest Money earning scheme: This SBI plan will give you more than Rs 81,000 interest
Mutual Fund AUM and more II Check Highlights of ICICI Securities report Mutual Fund AUM and more II Check Highlights of ICICI Securities report
SBI: Forget Fixed Deposit (FD), PPF, EPF, post office schemes! This State Bank of India plan has delivered more than 22% return in last 5-years SBI: Forget Fixed Deposit (FD), PPF, EPF, post office schemes! This State Bank of India plan has delivered more than 22% return in last 5-years
Want Rs 1 crore in these many years? Tips - Experts reveal money making idea for you Want Rs 1 crore in these many years? Tips - Experts reveal money making idea for you
Mutual Fund Monthly Commentary: Highlights by IDBI Capital Mutual Fund Monthly Commentary: Highlights by IDBI Capital

The performance of mutual fund industry in India has been growing consistently, and looking at the latest data, it has once again recorded heavy inflows especially from retail investors. This does show an appetite of retail investors for mutual fund markets. According to the Association of Mutual Funds in India (AMFI), Assets Under Management (AUM) of the Indian mutual fund industry grew 1.19% sequentially to Rs. 22.86 lakh crore in June 2018 from Rs. 22.60 lakh crore in May 2018, supported largely by inflows in Liquid schemes. On yearly basis, the industry AUM witnessed growth of 20.57%. 

In the first quarter of FY19,  average Assets Under Management (QAAUM) was Rs. 23.40 lakh crore, up 19.91% from Rs. 19.52 lakh crore at the end of Q1FY18, driven by strong retail investor participation through Systematic Investment Plans (SIPs) and robust inflows from B30 cities.

AUM under Equity (including Equity Linked Savings Schemes or ELSS), Balanced, and other ETFs for June 2018 came in at Rs. 9.94 lakh crore, down 0.67% MoM but up 32.63% YoY. AUM for Arbitrage Funds came in at Rs. 0.56 lakh crore in June 2018, down 2.29% from Rs. 0.57 lakh crore in May 2018.

According to ICRA, industry witnessed total net inflow of Rs. 46,475 crore in June 2018 as against net outflow of Rs. 50,000 crore in May 2018. The main reason behind the change in trend is Liquid/Money Market category registering an inflow of Rs. 52,104 crore in June 2018 as against an outflow of Rs. 46,724 crore in May 2018.

Equity funds (including ELSS) in the June month, saw net inflow of Rs. 9,660 crore, down 14.89% MoM, but up 18.32% YoY. The pace of growth has declined mostly because of volatility in equity markets as oil prices rise and global trade war concerns intensify.

In ICRA's view, income category witnessed outflow of Rs. 23,119 crore in June 2018 as against outflow of Rs. 20,407 crore in May 2018 amid rising bond yields. Inflows in Balanced category came in at Rs 1,482 crore, down 44.41% MoM, the reason could be declining stock markets and 10% dividend distribution tax that was imposed from April 2018.

The rating agency added, retail investors’ contribution has grown on the back of investor education initiatives by Asset Management Companies (AMCs) and a vigilant regulator. Investment by retail investors led to more than 55% YoY growth in SIP inflows in May 2018.

Data given by market regulator Sebi revealed that,  the total folio count at the end of June 2018 stood at 7.46 crore, up 1.57% MoM and 21.97% YoY. The mutual fund industry added approximately 11.70 lakh new folios in June 2018 out of which 8.03 lakh were in the Equity category (including ELSS). Balance, Liquid category and Other ETFs added 1.25 lakh, 1.40 lakh and 1.17 folios, respectively. However, folio count declined in Income and Gold ETF categories.

Furthermore, ICRA also highlighted that, country’s smaller towns or B30 (beyond top 30 cities) accounted for 14.08% of the total industry AUM at the end of June 2018. In June 2018, the share of direct plans in B30 stood at 16.74% and in T30 (top 30 cities) at 44.60%. Non-associate distributors and Direct plans contributed 51.18% and 40.68% to the total AUM in the month.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
mutual fundsMutual Funds performanceAUM
RELATED NEWS
Money earning scheme: This SBI plan will give you more than Rs 81,000 interest Money earning scheme: This SBI plan will give you more than Rs 81,000 interest
Mutual Fund AUM and more II Check Highlights of ICICI Securities report Mutual Fund AUM and more II Check Highlights of ICICI Securities report
SBI: Forget Fixed Deposit (FD), PPF, EPF, post office schemes! This State Bank of India plan has delivered more than 22% return in last 5-years SBI: Forget Fixed Deposit (FD), PPF, EPF, post office schemes! This State Bank of India plan has delivered more than 22% return in last 5-years
Want Rs 1 crore in these many years? Tips - Experts reveal money making idea for you Want Rs 1 crore in these many years? Tips - Experts reveal money making idea for you
Mutual Fund Monthly Commentary: Highlights by IDBI Capital Mutual Fund Monthly Commentary: Highlights by IDBI Capital

LATEST NEWS

PNB Scam: Big win for India; serious setback for Nirav Modi as he loses extradition fight

ZeeBiz raises critical questions on NSE trading glitch; Anil Singhvi demands inquiry, asks who will pay compensation for loss?

IRCTC Share price: Dolat Capital initiates coverage on with target of Rs 2650

Nureca IPO Listing: In talk with Anil Singhvi, Founder & CEO Aryan Goyal reveals company's outlook

PAN Aadhaar Link Online Last Date: This will happen if you don't do what Income Tax dept has said! Do now via SMS

Money earning scheme: This SBI plan will give you more than Rs 81,000 interest

Redmi 9 Power new variant launched in India; Check all details here!

HDFC Bank, ICICI Bank and Axis Bank: Morgan Stanley says restrictions around 'government businesses' lifted for private banks

Naandhi Box Office Collections Worldwide: Shouting success! Blockbuster justice! Allari Naresh says thanks to fans for so much love

Akshay Kumar, Shah Rukh Khan, Ranveer, Priyanka Chopra applaud Alia in ''Gangubai Kathiawadi'' teaser

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved