AUM Note for March 2021

Mutual fund assets gain ~41% in fiscal 2021 despite ~ 1% dip in March

Indian mutual fund industry’s assets under management (AUM) breached the Rs 31.5 lakh crore mark for the first time, settling 3.7% higher at Rs 31.6 lakh crore at end-February. Inflows in the open-ended debt and hybrid categories, coupled with mark-to-market gains in the domestic equity market, were the main factor contributing to the rise in the asset base.