Assets Under Management Of Mutual Fund Industry Remain Steady: CARE Ratings

Assets under Management (AUMs) of the Indian Mutual Fund industry at Rs.36.7 lakh crore remained largely at similar level as witnessed in August 2021, however on y-o-y basis MFs AUM grew by 36.6% y-o-y in September 2021 which has translated to an asset base addition of Rs.9.8 lakh crore driven by an increase in AUM of debt funds and equity funds.

"The overall net outflows stood at Rs.47,257 crore in September 2021 as compared with a net outflow of Rs.52,091 crore in September 2020 (net inflows of Rs. 32,976 crores in August 2021).

Since March 2021, open-ended equity schemes have witnessed the seventh consecutive monthly net inflows of Rs.8,677 crore in September 2021 (outflows of Rs.734 crore in September 2020) with SIPs crossing the Rs 10,000 crore mark," CARE Ratings has said.

The open-ended debt mutual funds witnessed an outflow of Rs.63,910 crore in September 2021 as compared with outflow of Rs.51,962 crore in September 2020 (inflow of Rs.1,074 crore in August 2021). Also, close-ended debt mutual funds witnessed outflows of Rs.5,084 crore in September 2021 compared with outflows of Rs.997 crore in the previous year, the ratings agency has said.