The assets of equity mutual funds went up 11% from Rs. 1.40 lakh crore in December 2011 to Rs. 1.56 lakh crore in January 2012 as the BSE Sensex gained 11% in January despite Rs. 456 crore of net outflows, shows the latest AMFI data.
“A combination of redemptions in SIPs and low gross sales has resulted in the outflow from equity funds. The equity AUM went up due to the rebound in markets,” says Karan Datta, National Sales Head, Axis Mutual Fund.
Among the new fund offers, Indiabulls Ultra Short Term Fund and Pramerica Dynamic Bond Fund together collected Rs. 584 crore. Axis Constant Maturity 10 Year Fund collected Rs. 73 crore. Overall sales from NFOs, including close ended schemes stood at Rs. 8,501 crore in January 2012 compared to Rs. 11,098 crore gross sales in December 2011.
The industry’s AUM gained 8% from Rs. 6.11 lakh crore to Rs. 6.59 lakh crore due to inflows of Rs. 26,950 crore in liquid and gilt funds. Last month, the industry saw heavy redemptions in liquid funds to the tune of Rs. 48,839 crore.
|
Category |
% change in AUM |
AUM as on Jan 2012 |
AUM as on Dec 2012 |
Net Inflows/ Outflows in Jan |
|
Income |
0% |
297,957 |
298,569 |
-2,926 |
|
Equity |
11% |
156,636 |
140,612 |
-456 |
|
Balanced |
11% |
16,207 |
14,556 |
-101 |
|
Liquid/Money Market |
22% |
147,812 |
120,713 |
26,429 |
|
Gilt |
20% |
3,731 |
3,121 |
521 |
|
ELSS |
12% |
23,004 |
20,630 |
76 |
|
Gold ETFs |
5% |
9,614 |
9,153 |
82 |
|
Other ETFs |
9% |
1,645 |
1,515 |
11 |
|
Fund of Fund investing overseas |
1% |
2,547 |
2,533 |
61 |
|
Total |
8% |
659153 |
611402 |
23697 |
The industry witnessed inflows of Rs. 23,697 crore in January 2012 compared to net outflows of Rs. 63,421 crore. Except income, equity and balanced funds which together saw net outflows of Rs. 3,483 crore, all other categories recorded net inflows to the tune of Rs. 23,697 crore.
