The mutual fund industry witnessed a hefty over Rs 1.54 lakh crore inflows in April, mainly on account of significant investment in debt schemes.
After pulling out over Rs 54,54,650 crore in the April-March period of 2008-09, the 35 fund houses in the country saw inflows of Rs 1,54,192 crore during April.
In March, they saw outflows of Rs 7,18,196 crore, as per data available on the Association of Mutual Funds in India (AMFI) website.
The mutual fund industry regained the Rs 5,00,000-crore level in assets after a gap of two months, and increased by Rs 58,013 crore, or 11.76 per cent.
Increased average
The combined average AUM of the 35 fund houses in the country increased to Rs 5,51,299.95 crore in April compared to Rs 4,93,286.56 crore in March.
On the other hand, mutual funds have increased their investments as equity markets have picked up in the last month. Fund houses put close to Rs 765.10 crore in equities so far in May.
While debt or income funds consumed a major chunk of the inflow worth Rs 1,03,055 crore, equity and balance funds saw redemptions to the tune of Rs 196 crore and Rs 64 crore, respectively.
