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Avg AUM of MFs rises 23% to Rs. 8.16 trillion for FY13: PWC

Over 139 new schemes were launched for the year ended March 2013, generating sales of Rs. 236.47 billion

July 09, 2013 1:44 IST | India Infoline News Service
Amidst volatility and uncertainty in the markets, average assets under management (AUM) of mutual funds posted a growth of 23% at Rs. 8.16 trillion for the year ended March 2013, according to CII-PWC report.

This was considerably higher than the 12% growth (Rs. 6.65 trillion) reported in March 2012. The industry has grown at a compound annual growth rate (CAGR) of 18% from 2009 -2013.

However, the trend from 2010 depicts that net sales for the mutual fund industry has dipped, picking up slightly in 2013, to grow by 7%. A total of 139 new schemes were launched for the year ended March 2013, generating sales of Rs. 236.47 billion.

Furthermore, AUM under the equity segment has actually declined 5% in 2013, whereas the debt segment has grown significantly at 36%, which implies that investors are still wary of investing in the market looking for relatively safer investments by directing their investments into the debt bucket.

Assets under management in the liquid and money market and gold exchange traded funds (ETFs) grew by 16% and 18%, respectively.

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