With a significant rise in inflows into income funds, the assets under management (AUM) of mutual funds witnessed a rise of 6.7 per cent to Rs. 7.68 lakh crore in October from Rs. 7.20 lakh crore in the previous month, according to the latest data released by the Association of Mutual Funds in India (AMFI).

Income funds

Income funds registered 8.85 per cent rise in inflow during the month to reach Rs. 3.83 lakh crore in October from Rs. 3.52 lakh crore in September.

Out of Rs. 48,135 crore net inflows, debt funds alone added Rs. 47,516 crore to the mutual fund corpus in October.

Liquid and money market funds (short-term funds) saw a 13.62 per cent rise (Rs. 19,703 crore) in assets under management to Rs.1.64 lakh crore from Rs. 1.45 lakh crore. The total inflow into debt funds (including income, liquid and money market funds), thus registered a rise of 22.4 per cent.

Inflows in to equity schemes, however, declined by 1.99 per cent to Rs. 1.59 lakh crore from Rs. 1.63 lakh crore. The mutual fund inflow details for October reveal that assets under management under Gold ETFs have risen by 2.49 per cent over September adding Rs. 279 crore to Rs. 11,477 crore. This is despite a decline in inflows into other exchange traded funds by five per cent to Rs. 1,715 crore from Rs. 1,806 crore in the previous month.

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