Industry’s AUM falls 13% in March to Rs. 5.87 lakh crore from Rs. 6.75 lakh crore in February due to heavy redemptions in liquid funds.
Equity funds saw net outflow for the third consecutive month to the tune of Rs. 196 crore in March. The redemption was lower in March compared to February,during which a whopping Rs. 2,680 crore went out of the industry. The gross redemption in equity schemes stood at Rs. 4,533 crore in March while sales from existing schemes stood at Rs. 4,337 crore, resulting in net outflow of Rs. 196 crore.
The highest redemption was seen in liquid funds at Rs. 76,537 crore followed by Rs. 7,654 crore from income funds.
The industry’s AUM slipped 13% in March to Rs. 5.87 lakh crore from Rs. 6.75 lakh crore in February due to heavy redemptions in liquid and income funds.Sales from new schemes stood at Rs. 36,361 crore. The total net outflow in March stood at Rs. 83,765 crore compared to Rs. 1,271 crore net inflow in February.
|
Schemes |
Net Inflow (Outflow) in March |
Net Inflow (Outflow) in February |
|
Income |
(7,654) |
(2,527) |
|
Equity |
(196) |
(2,680) |
|
Balanced |
105 |
(243) |
|
Liquid/Money Market |
(76,537) |
6,860 |
|
Gilt |
53 |
(88) |
|
ELSS |
267 |
(129) |
|
Gold ETFs |
231 |
85 |
|
Other ETFs |
(31) |
(40) |
|
Fund of Funds(investing overseas) |
(3) |
33 |
|
Total |
(83,765) |
1,271 |
|
Source: AMFI |
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