Mutual Fund AUM Increases With 20 Percent Surge In April-June Quarter Mutual fund AUM value increases to 23.40 lakh crore Rupees in the April-June quarter. This increase is actually a 20 percent surge from that of the past year. The growth of assets under management (AUM) in MF industry is due to the result of the active participation of retail investors, particularly from smaller towns. Furthermore, investor awareness campaigns conducted by the mutual fund industry, and the outstanding growth in systematic investment plans also helped for the AUM’s surge. The investor awareness campaign “Mutual Funds Sahi Hai” conducted by the Association of Mutual Funds in India (AMFI) under the guidance from the Securities & Exchange Board of India (SEBI), caught the attention of potential investors, prompting them to choose mutual funds as one of the preferred investment options, said NS Venkatesh, Chief Executive of AMFI. He also added that MFs will see continuous powerful inflows, in spite of the latest market volatility. He further said that the inflows through the SIP schemes from retail investors and that from B30 cities will remain powerful. Based on the statistical data from the Association of Mutual Funds in India (AMFI), the mutual fund AUM was about 23.05 lakh crore Rupees in the previous quarter period, with just 1.5 percent surge. The total AUM of all the fund houses considered together included 19.52 lakh crore Rupees in the April-June quarter in 2017. About 33 MFs out of the 42 fund houses excluding the Srei Mutual Fund, saw improvement in their AUMs during the April-June quarter of 2017-18. In fact, the remaining eight MFs witnessed decline in their asset base, according to The Economic Times. Out of the 33 MFs which witnessed AUM surge, ICICI Prudential mutual fund continued to stand first with an asset base of 3,10,166 crore Rupees at the end of June quarter. HDFC mutual fund holds the second place with mutual fund AUM of 3,06,840 crore Rupees, followed by Aditya Birla Sun Life MF, Reliance MF, and SBI MF in order. Must Read recommended by The post Mutual Fund AUM Increases With 20 Percent Surge In April-June Quarter appeared first on OWLT Market.