MF Industry AAUM hits Rs 20 lakh crore in June

Mutual Fund industry's average assets under management hit its lifetime high of nearly Rs 20 lakh crore in June 2017. According to the data by AMFI, the AAUM of the mutual fund industry increased by 8 per cent, reaching Rs 19.92 lakh crore in the month. The AAUM of the MF industry was Rs 18.29 lakh crore in March 2017, growing by nearly Rs 1.63 lakh crore till June 2017.  

Whereas, the monthly AUM of industry was Rs.18.96 lakh crore in June 2017.

The AUM of the mutual fund industry has recorded a tremendous growth in the recent years, the industry had posted an AUM of Rs.3.26 lakh crore as on March 2007. Thus recording a six-fold increase in the industry AUM in a period of 10 years, from  Rs.3.26 lakh crore in March 2007 to Rs.18.96 lakh crore in March 2017. Furthermore, the AUM tripled in the past five years, growing from Rs.5.87 lakh crore in March 2012 to Rs.18.96 lakh crore in June 2017.   

The industry AUM had surpassed the Rs 10 lakh milestone for the first time in May 2014, the AUM size doubling to Rs 20 lakh crore in a short span of three years.  

The tremendous growth has been credited to the inflows in equity funds through SIPs, awareness programs and district adoption programs.  

The folios under equity, ELSS and balanced schemes, with maximum participation from retail segment was recorded to be 80 per cent of the total folios at 4.70 crore. While the MF industry added nearly 20 lakh SIP accounts, receiving inflows worth Rs 15,000 crore through SIPs in the first three months of FY18.