MF's  assets swell to 15 lakh crore for the first time

Indian Mutual Fund industry is on a roll as more and more investors are recognising Mutual Funds as a fruitful investment avenue, and the industry is gaining traction under the new realm.

A new milestone has been achieved by the industry in the month of July with the total Assets Under Management (AUM) touching 15 lakh crore. The AUM has increased due to increase in stock prices with Sensex trading close to its all time high and also due to increased participation from the investors.

After a rough patch of almost 6 to 7 years, post the global financial crisis, the MF industry is back in reckoning with the AUM growth showing good amount of traction. The AUM in the year 2007 for the industry stands at 7 lakh crore and has now touched 15 lakh crore for the month of July. The industry AUM has increased by 1 lakh crore in not more than 3 months i.e May , June and July of 2016.

Most of the equity funds have given returns in the range of 12 to 15 per cent over the past three months, whereas debt funds riding on lower interest rate benefits have delivered almost 5 per cent in a 3 month period. This performance has led to increase in AUM for mutual funds.