Mutual Fund Update: Equity AUM dipped below Rs. 7 lakh crore
Average Assets Under Management (AAUM) of the Indian Mutual Fund Industry for the month of July 2019 stood at Rs. 25,81,025 crore against Rs. 25,81,397 crore in the month of June 2019, showing a marginal decline. Nonetheless, if we take AUM at the end of July (and not the average during the month), which stands at Rs. 25,81,025 crore, there was a marginal increase in domestic AUM compared to what was at the end of June 2019.
There was a decline in the equity AUM by 5.5 per cent on a monthly basis and total AUM at the end of July dipped below Rs. 7 lakh crore. This was despite inflow in the equity dedicated schemes to the tune of Rs. 8,112 crore. Among the equity schemes it was the large-cap dedicated funds that attracted the highest inflows of Rs. 1,914 crore followed by focused fund that saw an inflow of Rs. 1,872 crore. This shows the investors are opting for safety in such a volatile market. What was also worth noting was that except for dividend yield, all other funds have witnessed net inflow in the month of July 2019.
| Scheme Name | Jun-19 | Jul-19 | Change (%) |
| Growth/Equity Oriented Schemes | 723729.2 | 6,84,227.29 | -5.5% |
| Income/Debt Oriented Schemes | 10,00,721.87 | 10,72,879.48 | 7.2% |
| Hybrid Schemes | 3,41,445.08 | 3,37,917.50 | -1.0% |
| Other Schemes | 1,54,063.88 | 1,57,492.70 | 2.2% |
| Total AUM | 25,81,397.21 | 25,81,025.77 | 0.0% |
What saved the day for the overall AUM was an increase in the inflows from Debt schemes, which increased by 7 per cent on a monthly basis. The AUM of debt-oriented schemes at the end of July 2019 is Rs. 10.72 lakh crore. What helped such increase was inflows in liquid fund, which increased to the tune of Rs. 45,441 crore for the month of July compared to an outflow of Rs. 1.52 lakh crore in the month of June 2019.