The mutual fund closed the yr with an 11,41 p.c rise of their whole belongings below administration at Rs 23.80 lakh crore within the yr to March, from Rs 21.36 lakh crore within the earlier yr, based on the business information launched Wednesday.
On a month-to-month foundation, AUM grew 2.73 p.c from Rs 23.16 lakh crore in February.
“Improve in internet inflows in fairness and earnings classes as in opposition to internet outflows within the earlier month led to the expansion in AUM on a yearly foundation,” based on the Affiliation of Mutual Fund Business (AMFI) information collated by score company Icra.
The business noticed internet outflows of Rs 22,357 crore in March as in opposition to internet outflows of Rs 20,083 crore in February, the company mentioned.
On a month-to-month foundation, internet outflows within the liquid/cash market class got here greater than doubled to Rs 51,343 crore from Rs 24,509 crore in February.
“The rise in internet outflows displays redemptions at fiscal year-end as corporates often are likely to redeem their investments to fulfill the advance tax cost deadline,” the company mentioned.
After witnessing internet outflows of Rs 4,214 crore in February, earnings class witnessed internet inflows of Rs 13,856 crore in March 2019 amid the speed reduce situation, based on the Amfi information.
Inflows in fairness funds (together with equity-linked financial savings schemes) grew greater than 120 p.c month-on-month in March to Rs 11,756 crore.
The report mentioned the positive factors have been pushed probably by bigger flows into tax saving schemes on the finish of FY19.
Web inflows within the different ETF class got here in at Rs 10,540 crore in March 2019 as in opposition to internet inflows of Rs 5,234 crore in February, the report confirmed. Nevertheless, internet outflows within the balanced class got here in at Rs 3,181 crore as in opposition to internet outflows of Rs 1,077 crore in February.
Quarterly common belongings below administration within the March quarter stood at Rs 24.47 lakh crore, up from Rs 23.62 lakh crore within the December quarter.
AUM below fairness (together with ELSS), balanced, and different ETFs got here in at Rs 11.55 lakh crore in March up 9.05 p.c.