Mutual funds’ asset base increased to Rs 25.47 lakh crore in August, a rise of 4 per cent as compared with the preceding month, on the back of robust inflows in equity and liquid schemes.
The 44-player industry logged an assets under management (AUM) of Rs 24.53 lakh crore in July-end, according to data from the Association of Mutual Funds in India (Amfi).
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Mutual fund houses witnessed an overall inflow of Rs 1.02 lakh crore last month, much higher than Rs 87,000 crore seen in July. Of these, liquid funds alone witnessed an impressive over Rs 79,000 crore in August.
Fund managers attributed growth in asset base to higher retail participation and robust inflows in equity schemes and liquid funds.
Source: Economic Times
