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Rising markets, inflows lift equity AUM over R3 lakh cr

Even the balanced scheme and equity linked savings schemes witnessed strong net inflow over the last one year.

By: ENS Economic Bureau | Ahmedaba/new Delhi, New Delhi | Published: April 9, 2015 1:34:42 am

Following a sharp pull-out of funds by corporates and banks from the liquid schemes of mutual funds ahead of the financial year closing on March 31, 2015, the mutual fund industry saw its assets under management fall by Rs 1,19,439 crore in March over February and it stood at Rs 10,82,757 crore down from over Rs 12 lakh crore a month ago.

The financial year 2014-15 was, however, one of the best in recent years for the industry. According to the data released by AMFI, while the AUM stood at Rs 8,25,240 crore as on March 31, 2014, it rose by Rs 2.57 lakh crore or 31 per cent during the year to close at Rs 10,82,757 crore following a jump in equity markets and strong inflows into equity schemes during the year. The net inflow into equity schemes over the last 12-months stood at Rs 68,121 crore and the AUM of equity schemes rose 84 per cent from Rs 1.65 lakh crore on March 31, 2014 to Rs 3.05 lakh crore as on March 31, 2015.

Even the share of equity AUM in the overall industry AUM rose from 20 per cent at the end of March 2014 to 28 per cent at the end March 2015.

Even the balanced scheme and equity linked savings schemes witnessed strong net inflow over the last one year.

While the net inflow in ELSS stood at 2,908 crore, the Aum under those schemes rose by 54 per cent to Rs 39,470 crore. The net inflow into balanced schemes during the 12-month period stood at Rs 9,826 crore and the AUM under balanced schemes rose by 57 per cent to Rs 26,368 crore. Outflow from equity schemes brought the AUM down in March over February. While the AUM with liquid funds stood at Rs 2,76,070 crore on February 28, it fell to Rs 1,62,562 crore as on March 31.

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