Corporate share in MF AUM sinks below 40% since FY10, shows data

Debt MFs, which receive the bulk of corporate money, have seen sustained outflows for over a year. As a result, debt MF AUM declined 9 per cent in 2022-23 to Rs 11.8 trillion

The share of corporates in the total assets under management (AUM) of mutual funds (MFs) dropped to below 40 per cent for the first time since 2009-10 (FY10).

Data sourced from the Centre for Monitoring Indian Economy by Fisdom Research reveals that companies accounted for 39.7 per cent of total MF AUM at the end of December 2022, against 41.2 per cent at the end of March 2022.

The decline in corporate share in AUM last year was a result of two factors: redemption by companies amid decline in excess liquidity due to interest-rate hikes and rise in inflows from