Total Assets Under Management (AUM) of the mutual fund (MF) industry
increased by 2.92% or Rs 18887 crore to Rs 6.65 lakh crore in November
against Rs 6.46 lakh crore in October. The AUM of the industry had fell
for two consecutive months prior to this increase. AUM of Liquid Funds
surged the highest by 15.37%, followed by Gold ETF by 11.85% and Gilt
Funds by 11.08% among others. While Equity Funds witnessed highest fall
in AUM by 3.58%.
On the other hand, the industry witnessed net inflows in November. The
net inflow stood at Rs 18379 crore in November compared with net outflow
of Rs 5742 crore in October. Huge inflows were seen in income funds (Rs
11307 crore) and liquid funds (Rs 6111 crore).
Funds mobilized from 44 newly launched schemes in November stood at Rs
11259 crore, out of which Rs 11187 crore came from 42 income funds.