The figure was down 41.2 billion yuan, or 0.31 percent from a month earlier, according to the Asset Management Association of China (AMAC).
In breakdown, the value of funds investing in securities shrank 1.95 percent month on month to 2.36 trillion yuan as of the end of August, while the value of venture capital funds rose 0.56 percent to 1.05 trillion yuan during the same period.
The number of registered private funds climbed 0.61 percent month on month to 79,218 by the end of last month, the association said.
Some 24,368 securities, futures trading and venture capital institutions managed these funds as of the end of August, up 0.15 percent from the previous month, AMAC data showed.
Established in 2012, AMAC is a self-regulatory organization that represents the mutual fund industry of China.
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