MF Update: March 2019 AUM at Rs 23.79 lakh crore

The asset under management (AUM) of the domestic mutual fund industry has increased by 2.7 per cent on a monthly basis to Rs 23.79 lakh crore for the last month of FY19. This is despite an outflow of Rs 22357 crore in the month of March.  The increase in AUM was primarily driven by rising equity AUMs. The equity AUM including ELSS has increased by 8.6 per cent on a sequential basis to Rs 8.4 lakh crore for the month of March 2019. Even the ETFs excluding gold ETFs has witnessed a jump of 18.73 per cent in the same period. It has increased from Rs 1.13 lakh crore in the month of February 2019 to Rs 1.34 lakh crore in the month of March 2019.

Beside the better performance of the equity market that rose by around 8 per cent in the month of March 2019, what has also helped the rise of AUM of ETFs is follow on fund offer of ETFs that increased the overall AUM of the funds under ETF category.

Inflows into the equity dedicated schemes that touched a two year low last month (February 2019) saw an increase of 75 per cent to Rs 24016 crore. Nonetheless, the rise in the net inflows was 129 per cent. This was chiefly due to comparatively lower outflow from equity funds.