MF Update: May 2020 AUM at Rs 24.54 lakh crore

The asset under management (AUM) of the domestic mutual fund industry has increased by 2.6 per cent on a monthly basis to Rs 24.54 lakh crore for the month of May 2020.

The increase in AUM was primarily driven by a rise in asset under management of debt funds. It has increased by seven per cent on a month-on-month basis. At the end of May 2020, the total AUM of debt fund was at Rs 11.50 lakh crore, as compared to Rs 10.74 lakh crore at the end of April 2020. For the month of May 2020, debt dedicated funds saw an inflow of Rs 63,665 crore against Rs 43,431 crore in the month of April.

Meanwhile, credit risk fund continued to see an outflow. For the month of May, it saw an outflow of Rs 5,173 crore. Inflows into the equity dedicated schemes touched a five-month low. The equity AUM, including ELSS, has declined by 1.4 per cent on a sequential basis to Rs 6.5 lakh crore for the month of May 2020.

Besides, the total inflow to equity dedicated MF schemes declined by 15 per cent on a monthly basis and was at Rs 5,256.52 crore for May 2020. Exchange-traded funds (ETFs) witnessed a major jump of 47.7 per cent in their AUM in the same period led by ‘other ETFs’. It has increased from Rs 1,291.86 crore in the month of April 2020 to Rs 2,471.16 crore in the month of May 2020.