MOSL: FUND FOLIO (November 2019)-AUM surpasses INR26t+ to achieve another milestone
FUND FOLIO (November 2019): AUM surpasses INR26t+ to achieve another milestone
Key observations
- After reaching a landmark of INR25t for the first time last year, the domestic mutual fund (MF) industry AUM has now surpassed another key level of INR26t. What’s encouraging is that the MF industry has come a long way over the past decade with AUM rising by a staggering 3.4x from INR7.7t in Oct’09 to INR26.3t in Oct’19.
- AUM increased 7.4% MoM in Oct’19, mainly led by liquid, income, equity and other ETF funds. Notably, AUM was up MoM across categories.
- Gross sales of equity schemes (including ELSS and arbitrage) were down 3% MoM to INR243b. At the same time, redemptions increased 10% MoM to INR149b. Consequently, net inflows slowed down from INR116b in the previous month to INR94b in Oct’19 – the lowest in six months.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.