Gold ETF asset base crosses Rs 10,000 crore; equity asset base
The mutual fund industry’s asset base shot up
16% from Rs 5.87 lakh crore in March 2012 to Rs 6.80 lakh crore in the month of
April 2012, largely on account of robust inflows in liquid funds to the tune of
Rs 75,752 crore.
Equity funds witnessed redemptions of Rs 455
crore. Gold ETFs added Rs 50 crore to their kitty which shored up their asset base
to Rs 10,218 crore.
Income funds received net inflows of Rs 17,874
crore. All other categories of funds saw an outflow.
A total of 34 income schemes (open ended and
close ended) were launched in April, and they mopped up Rs 4,434 crore. Equity
funds’ asset base shrank marginally by 1% to Rs 1.56 lakh crore in April from
Rs 1.58 lakh crore in the previous month.