Mutual Fund asset base soars to record high Rs 12 trillion in January

Mutual Fund

Mutual FundThe Indian mutual fund industry’s assets under management (AUM) rose 12% or by Rs 1.30 trillion in January 2015 to Rs 11.81 trillion.

According to the monthly numbers released by the Association of Mutual Funds in India (AMFI), the latest asset tally is the highest on record driven by inflows and mark-to-market (MTM) gains in liquid, income and equity fund categories.

Inflows to the tune of Rs 858 billion helped liquid funds become the biggest contributor. Cyclical inflows and MTM gains boosted liquid funds’ AUM by Rs 869 billion to Rs 2.65 trillion

Moreover, the share of equity oriented schemes in mutual fund assets has been growing since March 2014, increasing from 22 per cent to 30 per cent in December 2014.

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