MF Update: Domestic MF AUM rises by 7.5 per cent in 2018

The asset under management (AUM) of the domestic MF increased by 7.5 per cent in the year 2018, however, last month did not see very encouraging numbers. The AUM of domestic mutual fund companies recorded a fall of 4.8 sequentially in the month of December. It fell from Rs. 24.03 lakh crore at the end of November 2018 to Rs. 22.85 lakh crore at the end of December. The fall was led by a huge outflow from liquid/money market fund. In the month of December, the liquid fund saw an outflow of Rs. 1.48 lakh crore. Income fund too saw an outflow of Rs. 3,407 crore in the month of December.

The net inflow in the equity schemes excluding arbitrage fund saw a net inflow of Rs. 5,765 crore, which is down by almost 24 per cent month on a monthly basis. Such a sharp drop was more due to outflow as it increased by 55 per cent in the same period. For the month of November, equity schemes saw an outflow of Rs. 6,858 crore compared to Rs. 10,673 crore in the month of December.  Inflows into equity saw an increase of almost 14 per cent during the same period. 

The above performance led to the increase of equity AUM's share in the overall AUM to 31 per cent compared to 29 per cent, in the last month.