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The assets under management (AUM) of the mutual fund industry have increased by about 16 per cent on a month-on-month basis in April. The AUM of the industry stood at Rs. 6.8 lakh crore as at end April 2012, up by Rs. 92, 937 crore from the month of March.
The increase in the AUM was led by increase in investments in the income fund category, which grew by 6.5 per cent to Rs. 3.09 lakh crore. The investments in equity schemes of mutual funds saw a fall of 1.4 per cent. The AUM under equity funds now stands at Rs. 1.56 lakh crore.
Liquid and money market funds have seen an almost 100 per cent jump in their corpus. These funds now account for 23 per cent of the total industry AUM, up from about 14 per cent in the month of March 2012.
The corpus under gold ETFs went up by 3.4 per cent to Rs. 9886 crore. The AUM of ETFs (other than gold) was down by four per cent to Rs. 1607 crore.
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