SUBSCRIBE NEWSLETTER
MF News MF assets zoom, reach a record Rs.21.45 lakh crore

MF assets zoom, reach a record Rs.21.45 lakh crore

Thanks to the mark to market gains, the AUM of the mutual fund industry grew to Rs.21.4 lakh crore last month.
Padmaja Choudhury Nov 6, 2017

The AUM of the mutual fund industry increased by a trillion to stand at Rs.21.4 lakh crore in October, shows the latest AMFI data.

Experts attribute it to the sustained interest of retail investors and mark to market gains.

The AUM of the equity funds including pure equity funds, balanced, ELSS and equity ETFs increased to Rs. 9 lakh crore in October. It increased by nearly 8% from Rs.8.5 lakh crore in September.

Reflecting the positive sentiment in the stock market, equity funds saw a net inflow of Rs.23,574 crore overall in equity funds including pure equity funds, balanced, ELSS and equity ETFs in October.

Pure equity funds received the highest inflows at Rs.15,218 crore and its AUM stood at Rs.6.32 lakh crore. Balanced funds came second with Rs.5,897 crore of inflows in October. The AUM of the balanced funds reached Rs.1.47 lakh crore.

The Nifty 50 increased by 5.6% to 10,335 points in October.

However, industry witnessed a slight decrease overall in equity inflows. Net inflows overall in equity funds has decreased by 19% or Rs.5,471 crore in October from Rs. 29,045 crore in September.

Industry officials attribute it to cyclical fall in inflows due to festival season.

Vidya Bala, Head Mutual Fund Research, FundsIndia says that investor appetite for mutual fund decreases during festive season. “During the festive season, investors are inclined to buy gold and other physical things, and hence their investment towards mutual funds decreases. Also, many investors may have redeemed their investment as they were concerned about the high market levels,” says Vidya. 

In the debt funds category, income funds received inflows of Rs. 40,845 crore as against an outflow of Rs. 50,090 crore in September while liquid funds witnessed an outflow of Rs. 13,261crore.

Overall, the MF industry witnessed an inflow of Rs. 51,148 crore in October, 2017.

 

Monthly AUM and net inflows/outflows for October 2017

 

Category

October AUM

Net inflow/outflow

in Rs Crore

Equity

6,32,408

15,218

ELSS

75,581

784

Balanced

1,47,460

5,897

ETFs other

60,107

1,675

ETFs gold

5,017

(34)

Income

8,55,778

40,845

Gilt

16,747

34

Liquid

3,44,422

(13,261)

FOFs investing overseas

1,586

(10)

Total

21,41,346

51,148

 

 

 

 

 

 

 

 

 

 

 

 

 

0 Comment
Be the first to comment.
Wish to stay on top of your game? Get daily tips, ideas and articles to grow your business.
Subscribe to Cafemutual Newsletter.