Equity funds registered inflows for the 7 consecutive month.
Total Assets Under Management (AUM) of the Indian mutual fund (MF) industry increased by 14.2 per cent (by Rs. 1.36 lakh crore) to Rs 10.96 lakh crore in October 2014 after witnessing 5.3 per cent down (by Rs. 53,409 crore) to Rs. 9.59 lakh crore in September 2014.
2014, October month saw the highest AUM in FY15 since April 2014. The AUM of all categories witnessed rise with highest of Income Funds.
However, AUM of the industry grew by 31.4 per cent (or by Rs. 2.62 lakh crore) YoY in October.
All the categories witnessed net inflows, except Gold ETF & Fund of Funds Investing Overseas categories that witnessed net outflows.
Net inflow in the industry stood at Rs. 1.24 lakh crore in October, as against net outflow of Rs. 69.664 crore in September 2014.
Moreover, 2014 October month also witnessed highest net inflow in FY15. The Liquid / or money market funds saw highest inflows, while equity funds registered inflows for the 7 consecutive month.
Funds mobilized from 33 newly launched schemes in October stood at Rs. 3857 crore, out of which Rs.1660 crore came from 23 income funds (all close ended) and Rs. 2,197 crore came from 10 equity schemes (4 open ended & 6 close ended).
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