At Rs 28.3L cr, MF assets set another record in February

In Mumbai: Strong flows to equity and publicly traded funds () helped the industry report its highest managed assets AUM ) at Rs 28.3 lakh crore in February. The growth occurred despite the fact that liquid funds witnessed exits.

In the first year until February 29, while benchmarks such as sensex and Skilled had grown by about 6%, the MF industry’s AUM surged by 15%, data showed. Steady flows through the systematic investment plan ( sip ), which was above the Rs 8 billion mark for the 15th consecutive month, signaled investors' penchant for a disciplined long-term investment attitude, industry players said.

According to the industry trade body Amfi ’s chief executive N S Venkatesh, continued vibrancy in monthly sip flows at Rs 8,513 crore, and net inflows into equity AUM s at a record high this fiscal at Rs 10,796 crore, helped the fund industry’s assets to set an all-time high figure.

“We expect continued buoyancy in sip flows in March too, though a few institutional investors may reassess their investment strategy, given the deep correction in markets. Equity-linked savings schemes (ELSS) continue to find favour with individual investors, with positive net flows at Rs 871 crore during the month,” he said. Amfi data showed that total equity AUM topped the Rs 8-lakh-crore mark for the first time in history. In February, as a category, liquid funds recorded the highest outflow at Rs 43,825 crore, while equity ETFs brought in over Rs 16,000 crore.

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