Mutual fund AUM rises to `27 L cr in Oct.

New Delhi, Nov. 8: Mutual funds’ asset base increased to Rs 26.33 lakh crore in October-end, a rise of 7.4 per cent as compared with the preceding month, on the back of robust inflows in equity and liquid schemes. The 44-player industry logged an assets under management (AUM) of Rs 24.5 lakh crore in September-end, according to data from the Association of Mutual Funds in India (Amfi). Mutual fund houses witnessed an overall inflow of Rs 1.33 lakh crore last month after a redemption of Rs 1.52 lakh crore in Sept. Of these, liquid funds alone witnessed an impressive over Rs 93,200 crore last month. Fund managers attributed growth in the asset base to higher retail participation and robust inflows in equity schemes and liquid funds. The open-ended equity schemes witnessed an infusion of Rs 6,026 crore, while there was a small outflow of Rs 11 crore in close-ended equity plans, taking total equity inflows to Rs 6,015 crore last month.