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MFs avg AUM falls by 4.5% to Rs. 8.08 lakh cr in Sept quarter

The quarter marked the sharpest fall in mutual fund assets since December 2010 as investor sentiments were hurt due to volatility in equity and debt markets

November 08, 2013 9:25 IST | India Infoline News Service
Indian mutual funds' average assets under management (AUM) fell by 4.5% or Rs 38,355 cr to Rs 8.08 lakh cr during the quarter ended September 2013 compared to Rs 8.47 lakh cr in the previous quarter (excluding fund of funds), according to CRISIL.

The quarter marked the sharpest fall in mutual fund assets since December 2010 as investor sentiments were hurt due to volatility in equity and debt markets following the weak Indian currency,
CRISIL said in its monthly funds newsletter called CRISIL Fund Insights.

Consolidated assets of money market and ultra short-term funds saw a fall of Rs 41,377 cr in the latest quarter, the biggest fall for the combined categories since AMFI started declaring average AUM numbers in September 2010. The fall was due to heightened volatility in the categories post the RBI's liquidity tightening measures since mid-July 2013 to curb the rupee's fall.

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