MF assets jump 42 per cent to Rs 17.5 trillion in FY17: Report

The assets under management (AUM) of the mutual fund (MF) industry saw an exceptional growth of 42 per cent at Rs 17.5 trillion in fiscal 2017 from Rs 12.3 trillion a year ago, according to a report. 

The data released by the industry body Association of Mutual Funds in India (AMFI) reveals that the quarterly average AUMs also registered a quarter-on-quarter growth of 8 per cent in the March quarter, as per rating agency ICRA.

Investors infused an additional Rs 3.4 trillion across categories during the year under review. 

The net inflows in liquid, income and equity (including equity-linked savings schemes or ELSS) categories saw fresh investments of Rs 1.2 trillion, Rs 96,000 crore and Rs 70,000 crore, respectively, ICRA stated. 

Equity funds (including ELSS) witnessed net inflows of Rs 8,216 crore in the March quarter, up from Rs 6,462 crore in February. During the quarter, assets of equity funds (including ELSS) reached an all-time high of Rs 5.4 trillion. The category witnessed month-on-month jump of 4.5 per cent and a year-on-year growth of 40.7 per cent. In fiscal 2017, the total inflows into the category stood at Rs 70,367 crore, with net inflows in every month.