AUM Sequential Growth accelerated, Reaching Rs. 46.38 Lakh Crore in July 2023
In July 2023, the Assets Under Management (AUM) increased by 4.47% month-on-month, reaching Rs. 46.38 lakh crore compared to Rs. 44.39 lakh crore in June 2023. The monthly growth rate of AUM accelerated after slow growth in the previous two consecutive months, while the annual growth rate stood firm at 22.9%.
?
Liquid Fund showed the highest sequential gain among open-ended schemes, followed by Arbitrage Fund and Multi-Asset Allocation Fund. Like the previous month, other ETFs and Liquid Fund maintained their positions as the categories with the highest AUM.
Open-ended Debt Oriented Schemes recorded the highest sequential growth of 5.18% in total AUM, followed by Hybrid Oriented Schemes and Equity Oriented Schemes, which rose 4.85% and 4.66%, respectively.
领英推荐
The Average Assets Under Management (AAUM) rose 3.2% monthly, though slower than the previous month, reaching Rs. 46.28 lakh crore. AAUM grew by 22.53% annually, the highest since November 2021.
Powered by?MFI360 Research. Please reach out to us with your suggestions at?[email protected]?
Disclaimer:
ICRA Analytics Limited has obtained all information in this document from sources it believes to be accurate and reliable. Although reasonable care has been taken to ensure that the information herein is accurate, such information is provided ‘as is’ without any warranty of any kind, and ICRA Analytics Limited, in particular, make no representation or warranty, express or implied, as to the accuracy, timeliness or completeness of any such information. All information contained herein must be construed solely as statements of opinion, and ICRA Analytics Limited shall not be liable for any losses incurred by users from any use of this document or its contents in any manner. Opinions expressed in this document are not the opinions of ICRA Analytics Limited’s holding company, ICRA Limited (ICRA), and should not be construed as any indication of credit rating or grading of ICRA for any instruments that have been issued or are to be issued by any entity. Readers are requested to?click here to visit the ICRA Analytics Ltd disclaimer.
?