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The mutual fund industry’s assets under management (AUM) in April surged by nearly 16 per cent or Rs 92,900 crore to Rs 6.8 lakh crore. This happened primarily on the back of inflows returning to money market funds after the outflows seen in March. The month-on-month percentage gain in assets was the highest in the last one year, according to Crisil.
Liquid funds witnessed highest inflows of Rs 75,700 crore in the last one year.
This constitutes 82 per cent of the total inflows, in the month. Historical trend shows that quarter-end outflows in the category are reversed in the subsequent month (March witnessed outflows, whilst April saw inflows) as corporates re-invest their surplus funds that were withdrawn to pay advance tax. Liquid funds saw assets rise to Rs.1.6 lakh crore in April as compared with Rs 8,035 crore in March. Income funds saw inflows for the first time in last six months.
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