Industry QAAUM touches Rs.19.52 lakh crore in Jun quarter of FY18
Jul 21 2017
News Category: Industry Update
According to data from the Association of Mutual Funds of India (AMFI), the quarterly average asset under management (QAAUM) of the domestic mutual fund (MF) industry touched multi-year high in the Jun quarter of FY18. The latest data showed that AAUM of the MF industry has reached Rs.19.52 lakh crore in Jun quarter of FY 2018 (excluding Fund of Funds - Domestic but including Fund of Funds – Overseas). MF industry witnessed an increase of 6.68% from Rs.18.30 lakh crore in Mar quarter of FY 2017, a growth of Rs.1.22 lakh crore. The QAAUM stood at Rs. 14.41 lakh crore in the same period last year, thereby reporting a YoY growth of 35.44%. The growth can be attributed to higher inflows in equity funds through SIPs and mark to market gains.