New Delhi: Helped by buoyant investor sentiment, the asset base of country's mutual fund industry surged to an all-time high of over Rs 14.22 lakh crore at the end of April.
The country's 43 fund houses together had an average assets under management (AUM) of over Rs 12.33 lakh crore at March-end, the latest data of the Association of Mutual Funds in India (AMFI) showed.
The previous high was in October, when assets base of the sector was at Rs 13.24 lakh crore.
Industry experts said the monthly rise in AUM is largely on account of inflows in liquid or money market category and buoyant investor sentiment.
Overall inflow in mutual fund schemes stood at Rs 1.7 lakh crore at the end of last month, compared with an outflow of Rs 73,113 crore at March-end.
Of this, liquid or money market category saw Rs 1.34 lakh crore coming in while equity segment saw an inflow of Rs 4,042 crore.
Liquid fund mainly invests in money market instruments like certificate of deposits, treasury bills, commercial papers and term deposits.
MFs are investment vehicles made up of a pool of funds collected from a large number of investors and invest in stocks, bonds and money market instruments, among others.