Average AUM Settles At An All-Time High: AMFI

Mumbai: The income and debt-oriented schemes witnessed an outflow last month, according to a data released by the Association of Mutual funds in India (AMFI) on January 8, 2020.  The net outflow from income and debt-oriented schemes stood at Rs. 78,426.82 crore for December 2019 as compared to Rs. 51,427.58 crore in November 2019. Most of the outflows were seen in liquid funds, overnight funds and ultra short duration fund. Commenting on the November 2019 monthly mutual fund data, N S Venkatesh, CEO, AMFI shares, “The outflows under debt schemes were mainly due to quarter-end effects.”

When it comes to open-ended growth and equity-oriented schemes, it witnessed an inflow of Rs. 4,499.39 crore in December 2019 as compared to Rs. 1,311.65 crore the previous month. Further the Equity-linked Saving Schemes saw a growth of 67 per cent in December 2019.  

The overall asset under management (AUM) stood at Rs. 26,54,074.76 crore as compared to Rs. 27,04,699.41 crore in November 2019, down by two per cent. Similarly, the Average Net Assets Under Management (AAUM) for December declined by 1.2 per cent. That said, total amount collected through systematic investment plans (SIPs) during December 2019 was Rs. 8,518.47 crore as compared to Rs.8,272.87 in November 2019. The SIP accounts as on for the month of December 2019, stood at 2.97 crore, whereas the SIP AUM was Rs. 3,17,022.27 crore in 2019. “Retail investors continue to repose trust in mutual funds as reflected by continued flows through SIPs, despite challenging domestic economic scenario and global trade issues and conflicts. Markets have rallied and indices scaled new peaks, which is reflective of resolution coming through structural policies like Insolvency and Bankruptcy and lowering of Interest Rates, as also, expectation from Budget,” says Venkatesh.