MF debt assets shrink due to risk-aversion triggered by IL&FS crisis

About 24 fund houses have seen a decline in their debt AUMs in the past one year

The year has been a mixed bag for the mutual fund (MF) industry. While equity assets continue to grow at a healthy clip, the debt segment has seen a de-growth primarily due to the risk-aversion triggered by the IL&FS crisis. 

Overall, the mutual fund industry has reported a five per cent growth in assets under management (AUM) to Rs 24 trillion at the end of November (November 2017-November 2018 period) from Rs 22.8 trillion a year ago. Equity AUMs grew at 13 per cent to Rs 8.3 trillion while debt AUMs declined by two per cent to Rs 13.11 trillion.