Mutual fund AUM falls 8% in June qtr

Mutual funds’ asset base dropped 8 per cent to nearly 25 trillion in the ₹ quarter ended June 30, because of outflow pressure on the equity and debt categories. Average asset under management (AAUM) of the industry, comprising 45 players, stood at 24.82 ₹ trillion in April-june quarter 2020 as compared to 27 crore in the preceding ₹ quarter, according to the data by Association of Mutual Funds in India.

The asset base of the industry was 25.5 trillion in the same period a year ₹ ago. The industry registered the decline of 8 per cent on quarter-onquarter basis as net inflows have reduced across most of the asset and categories in mutual fund schemes, said Omkeshwar Singh, head Rankmf, Samco Securities.