MFs’ average AUM gallops to Rs 14.41 trillion at June-end

 Buoyant inflows in equity and short- maturity debt funds lifted average assets under management of the country’s mutual funds in the quarter ended June to a new record and above the Rs 14 trillion mark for the first time. 

At Rs 14.41 trillion, average AUM beat the previous high of Rs 13.53 trillion logged in the previous quarter and was up by 6.47 per cent or Rs 875.83 billion — also a record in absolute gain — over the quarter, a report by Association of Mutual Funds in India (AMFI) said. It said equity funds’ AUM spurted 7.59 per cent or Rs 334.18 billion to a record Rs 4.74 trillion.