Mutual fund AUM rises 4% to `25.47L cr in August: Report

Mumbai: The country's mutual fund industry's asset under management (AUM) grew by nearly 4 per cent to Rs 25.47 lakh crore in August 2019 from Rs 24.53 lakh crore in July, a report said.

In the first five months of FY20, the industry's asset base increased by Rs 1.68 lakh crore, Care Ratings said in its report.

The asset under management of debt, equity and hybrid schemes at the end of August 2019 stood at Rs 13.22 lakh crore, Rs 7.16 lakh crore and Rs 3.38 lakh crore, respectively.

The report said the overall exposure of mutual funds to NBFCs stood at Rs 2 lakh crore in August 2019, a drop of Rs 0.66 lakh crore since July 2018, when the NBFC crisis began.

While the amount has reduced, the percentage share also fell from 19 per cent in July-18 to 13.6 per cent in August 2019.

It said after the liquidity crisis triggered in the NBFC space, MFs withdrew around 35 per cent of their investments from commercial papers of NBFCs.

The percentage share of funds deployed by MFs in CPs of NBFCs in August 2019 was at 6.92 per cent of debt AUMs (lowest since July-18) and the amount held was Rs 1.02 lakh crore.