Mutual Fund assets rise to Rs 25.43 trn in May, FMPs outflow continues

FMPs, which invest in debt instruments like corporate bonds, recorded an outflow of Rs 1,797 crore last month. In April, the outflow stood at a whopping Rs 17,644 crore

Fixed Maturity Plans (FMP) witnessed outflow for the second straight month in May as investors pulled out Rs 1,797 crore from the schemes, amid many non-banking finance companies grappling with debt woes.

However, latest data from industry body Amfi Monday showed that average Assets Under Management (AUM) of mutual funds rose to Rs 25.43 trillion in May from Rs 25.27 trillion in the previous month on the back of increased inflows into equity-linked schemes.

In May, retail investment through Systematic Investment Plans (SIPs) declined to Rs 8,183 crore from Rs 8,238 crore in April.

FMPs, which invest in debt instruments like corporate bonds,