Kolkata, Oct. 30 -- In September, the Indian mutual fund industry experienced a mixed performance, reflecting both investor optimism and caution across different asset classes as the Assets Under Management (AUM) grew modestly despite facing steepest net outflows since this fiscal year.
The total AUM rose to Rs. 75.61 lakh crore, up from Rs. 75.18 lakh crore in August - a 0.57 percent month-on-month increase, an ICRA Analytics report said today.
This growth is primarily driven by exceptional inflow to the tune of Rs 8,363 crore in Gold ETFs in Sep-25 and sustained inflows into equity mutual funds, which added Rs. 30,422 crore during the month. Equity AUM itself rose by 1.8 percent, reaching Rs. 33.7 lakh crore.
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