Gold ETF asset base crosses Rs 10,000 crore; equity asset base drops marginally
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.
