Rs 20 trillion & rising: AUM of active equity mutual funds surges

The industry's overall AUM rose 5 per cent to Rs 49 trillion, largely owing to the value appreciation of equity holdings

Active equity schemes in November saw their assets under management (AUM) surpass the Rs 20-trillion mark for the first time, bolstered by a buoyant market sentiment. The 8 per cent, or Rs 1.5 trillion, jump in AUM last month mirrored the growth observed in the Nifty 500 index.

There has been a 34 per cent (Rs 5.2 trillion) surge in the assets of active equity schemes since March-end, showed data from the Association of Mutual Funds in India (Amfi).

This sharp uptick in AUM has been fuelled by a rally in the equity markets after March and a subsequent surge