AUMs of Indian Mutual Fund industry decreases 0.5% m-o-m
AUMs of Indian Mutual Fund industry decreases 0.5% m-o-m
BusinessToday.In
- Apr 22, 2021,
- Updated Apr 22, 2021 10:39 AM IST
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Assets Under Management (AUMs) of the Indian Mutual Fund industry decreased by 0.5% m-o-m to Rs 31.4 lakh crore in March 2021, while on y-o-y basis it increased by a significant growth rate of 41.2% y-o-y.
- Story: Shivani Sharma
- Design: Mohsin Shaikh
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Debt schemes accounted for the largest share of AUMs at 46.2% (vs. 53.2% in March 2020).
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The equity schemes had witnessed continuous net outflow since July 2020 to February 2021. AUM in equity schemes witnessed Rs 10 lakh crore in March 2021.
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Hybrid schemes accounted for 10.8% of total AUM. AUM of hybrid schemes for March and February 2021 remain constant with Rs 3.4 lakh crore.
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Total SIP accounts stood at Rs 3.73 crore in March 2021 as against Rs 3.12 crore in March 2020. SIP contribution declined to Rs 88,057 crore during April 2020 to March 2021 as compared with Rs 1,00,084 crore during April 2019 to March 2020.