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Investors are investing heavily in mutual funds, AUM increased to 37.75 lakh crore in April-June

Mutual Funds AUM: The asset base of the domestic mutual fund industry grew 14 per cent year-on-year to Rs 37.75 lakh crore in the first quarter of the current financial year. At present 43 mutual fund companies are doing business in the country.

AMFI gave data
According to the data of Association of Mutual Funds in India-AMFI (AMFI), an association of mutual fund companies, the average assets under management – average asset under management (AUM) stood at Rs 37.75 lakh crore in the April-June quarter. In the same period a year ago, the size of the AUM of mutual fund companies was Rs 33.2 lakh crore. At the same time, the asset base of this industry was Rs 38.38 lakh crore in the January-March quarter this year.

increased cash flow in equity
Industry experts attribute the increase in AUM in the first quarter of FY 2022-23 to increased inflows into equity schemes.

what the experts say
Omkareshwar Singh, Group Head (Mutual Funds), Samco Securities said, “Equity schemes continued to see inflows in both SIP and lump-sum investments in the quarter. This volume would have been even higher if new fund schemes were approved during this quarter. would have been.”

Epsilon Money Co-Founder and Chief Executive Officer (CEO) Abhishek Dev said that in the times to come, mutual fund acceptance and long-term trends among various investor groups will continue to propel AUM to new heights. He said that mutual funds have now been recognized as a major investment product among both retail and corporate investors.

June figures not yet available
According to Amfi data, equity mutual fund schemes attracted Rs 28,980 crore during April-May. The figures for June are not yet available. In the same quarter a year ago, there was an investment of Rs 19,508 crore in equity mutual fund schemes.

SBI Mutual Fund is on top
By size, SBI Mutual Fund continues to top with an AUM of Rs 6.47 lakh crore. It is followed by ICICI Prudential MF (Rs 4.65 lakh crore) and HDFC MF (Rs 4.15 lakh crore).

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