MF industry saw Rs 39K cr loss in March

One saw the carnage across the markets; also in the month of March, the Assets under Management or AUMs for most mutual funds have taken a bit of a tumble.

The mutual fund asset industry has shrunk considerably, seeing a Rs 39000 crore loss in March; currently stands at about Rs 5.27 lakh crore.

Assets Under Mgmt (Rs Cr)

March             5,52,705

February         5,65,100

Some of the MF industry toppers are:

While the Sensex and Nifty lost about 9-11% in March, mutual fund assets have fallen only 6.62% (MoM).

Understanding why, the mark-to-market (MTM) losses of Rs 25,000 crore, clubbed with liquid funds redemption of about Rs 20000 crore - it was supported by Fixed Maturity Plans (FMPs), which achieved huge inflows of Rs 15000-20000 crore, mainly because they offer double indexation benefit.

So lot of investors invest in FMPs in March. So that is the reason why mutual funds assets have got a lot of support in March. 

By Pooja Meswani, CNBC-TV18

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