Mutual Funds asset base at record highs of over Rs 15 lakh crore in August
Mutual fund industry's asset base rose to a fresh all-time high of Rs 15.6 lakh crore at the end of August, helped by strong inflows in income and equity segments.
The industry, comprising 42 active players, had an average assets under management of over Rs 15.2 lakh crore at July-end, which was also the previous high figure, the latest data of the Association of Mutual Funds in India (AMFI) showed.
Industry experts attributed the monthly rise in assets base to inflows in income and equity categories.
Besides, buoyant investor sentiment also helped in the growth of the assets under management, they added.
Overall inflow in mutual fund schemes stood at Rs 25,332 crore at the end of last month compared with an inflow of Rs 1.03 lakh crore at July-end.
Of this, income funds, which invest in a combination of government securities saw Rs 28,457 crore coming in while equity and equity-linked saving schemes witnessed an infusion of Rs 6,505 crore.
However, liquid fund witnessed a pull out of over Rs 13,000 crore during the period under review.
Mutual Funds are investment vehicles made up of a pool of funds collected from a large number of investors and invest in stocks, bonds and money market instruments, among others.