Return of corporate and bank money in liquid and income funds helped industry gain 18% assets in April. In April, the industry received an aggregate of Rs 1.05 lakh crore in liquid and income funds as a result of which the AUM touched Rs 8.25 lakh crore from Rs 7.01 lakh crore in March 2013. Institutions had pulled out a whopping Rs 1.09 lakh crore from liquid funds in March which typically happens at the end of every quarter.
As the expectations of rate cut were running high, gilt funds received Rs 986 crore net inflows in April as a result of which the AUM of gilt funds reached Rs 9181 crore.
Equity funds saw net outflow of Rs 80 crore in April as the BSE Sensex went up by 4%. Industry’s equity assets went up from Rs 1.49 lakh crore to Rs 1.55 lakh crore largely on account of mark to market gains. ELSS too saw net outflows of Rs 190 crore.
All in all, the industry received net inflows of Rs 1.06 lakh crore largely on account of inflows in liquid and income funds as against net outflow of Rs 1.08 lakh crore in March.
Among the new fund offers, IDFC Equity Opportunities Fund collected Rs 253 crore while BNP Paribas Government Securities Fund mopped up Rs 399 crore.
|
Category |
Net inflow/outflow in April |
Net inflow/outflow in March |
|
Income |
20,159 |
1,165 |
|
Equity |
-80 |
514 |
|
Balanced |
-4 |
107 |
|
Liquid |
85,745 |
-109,789 |
|
Gilt |
986 |
-167 |
|
ELSS |
-190 |
254 |
|
Gold ETFs |
-36 |
-87 |
|
Other ETFs |
17 |
-19 |
|
Fund of Funds investing overseas |
-36 |
-24 |
|
Total |
106,561 |
-108,046 |
|
Source: AMFI (Rs in cr.) |
||
