MF industry's asset base crosses Rs 15 lakh cr at July-end

Mutual fund (MF) industry's asset base rose to an all-time high of Rs 15.2 trillion at the end of July, helped by strong inflows in income and liquid segments.

The industry, comprising 42 active players, had an average assets under management (AUM) of over Rs 13.81 lakh crore at June-end, the latest data of the Association of Mutual Funds in India (AMFI) showed.

Prior to this, on a monthly basis, the previous high was Rs 14.22 lakh crore in April.

Industry experts said the monthly rise in AUM is largely on account of inflows in liquid or money market category and buoyant investor sentiment.

Overall inflows in mutual fund schemes stood at Rs 1.03 lakh crore at the end of last month compared with an outflow of Rs 21,535 crore at June-end.

Of this, liquid or money market category saw Rs 54,212 crore coming in while inflows in income segment was Rs 43,913 crore.

Besides, equity and equity-linked saving schemes witnessed an infusion of Rs 2,506 crore.

Liquid fund mainly invests in money market instruments like certificate of deposits, treasury bills, commercial papers and term deposits, while income funds are a class of debt mutual funds that invest in a combination of government securities.