Mutual funds’ asset base rose to a little over ₹24 lakh crore by November-end, an increase of 8 per cent from the preceding month, on strong inflow in liquid schemes.
According to Amfi data, the asset under management (AUM) of the industry, comprising 42 players, climbed from ₹22.23 lakh crore at the end of October, to ₹24.03 lakh crore in November-end.
The total asset base of all the fund houses put together was ₹22.79 lakh crore in November last year.
The latest inflow was mainly driven by contributions from liquid funds, equity and equity-linked saving schemes.
Liquid funds attracted ₹1.36 lakh crore, besides, ₹8,400 crore was invested in equity as well as equity-linked saving schemes and ₹215 crore inflow was seen in balanced funds.
Interestingly, gold exchange-traded funds (ETFs) saw a net inflow of ₹10 crore after witnessing pull out in past several months. In contrast, income funds saw a pull out of ₹6,518 crore.
Overall, mutual fund schemes witnessed an inflow of ₹1.42 lakh crore in November, much higher than ₹35,500 crore investment seen in the preceding month.