AUMs of mutual funds up Rs 22,966 cr in July: AMFI

 The total AUM of mutual funds touched Rs 2,88,501 crore at the end of July compared to Rs 2,65,535 crore as on June 30 as per the figures released by the Association of Mutual Funds in India (AMFI).

Mutual funds net sold stocks worth Rs 81.21 crore, while being net buyers in the debt market to the tune of Rs 7,716.21 crore in July, according to figures redeased by market regulator Sebi.

"The increase in the total AUM of mutual funds in July is mainly due to the debt funds, which reflect liquidity in the markets and short term funds have given attractive returns in the month," Mahindra Jajoo, fund manager of ABN Amro AMC, said.

 Equity schemes were not a major part of the increase in total AUM of mutual funds, even with the BSE benchmark Sensex rising 1.3% in July...roughly only Rs 2,000-3,000 crore of the increase in total AUM represent the equity markets, in which New Fund Offers (NFO) amount for about Rs 1,000 crore, Jajoo said.

Prudential ICICI retained the top slot among mutual funds by managing assets worth around Rs 31,431 crore, followed by UTI, which had AUM of Rs 30,958 crore in the month.

At the third position in terms of total AUMs is Reliance Mutual Fund at Rs 26,218 crore, closely followed by HDFC MF's Rs 25,695 crore and the fifth in the ranking is Birla Sun Life MF with AUM of Rs 15,883 crore.

There are 29 mutual funds (MFs) in the country.