The mutual fund industry's assets under management (AUM) rose to an all time high of Rs.15.6 lakh crore, at the end of August. This was helped by strong inflows into income, balanced and equity mutual fund (MF) schemes. As per Crisil data, consistent inflows over the past 28 months (except for a small outflow in March 2016) clubbed with mark-to-market gains pushed up the equity category's assets to a new high of Rs.4.67 lakh crore.
Liquid funds and gold ETFs (exchangetraded funds) saw marginal outflows of Rs.13,100 crore and Rs.51 crore respectively.
Balanced funds too saw inflows of Rs.2,732 crore and their AUM crossed Rs.50,000 crore for the first time driven by consistent inflows over the last couple of years.