Mutual Funds’ asset base crosses Rs 19 lakh cr mark

The mutual fund (MF) industry’s asset base has crossed the Rs 19 lakh crore mark in April on the back of fresh inflows in equity, debt and money market segments.

The assets under management (AUM) of the MF industry, comprising 42 players, rose to an all-time high of Rs 19.26 lakh crore at the end of April from Rs 17.55 lakh crore at the end of March, as per the data from Association of Mutual Funds in India (AMFI).

The industry’s AUM had crossed Rs 10 lakh crore in May 2014, and it is expected to reach Rs 20 lakh crore this year.

Industry experts attributed the monthly rise in asset base to inflows in income and equity categories.

Besides, buoyant investor sentiment and phenomenal growth in systematic investment plans (SIPs) also helped in the growth of assets under management.

(Agencies)

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