Equity mutual funds see net outflow of Rs 2910 crore while liquid and income schemes add Rs. 41616 crore in May 2013, shows the latest AMFI data.
Industry’s assets under management went up 5% from Rs 8.25 lakh crore to Rs 8.68 lakh crore. The major share of inflows came in liquid and income funds which collected Rs 41616 crore.
It has been observed for a while that investors are exiting equity funds each time the markets peak. This trend continued in May as the mutual fund industry saw net outflows of Rs 2910 crore from equity schemes. The gross redemptions stood at Rs 6002 crore in May as against Rs 3069 crore in April. This is the second highest net outflow since September 2012 when the industry saw net outflows of Rs 3306 crore.
The BSE Sensex gained 1% or 256 points in May, touching a high of 20444.
Gilt funds saw a net outflow of Rs 498 crore.
The two equity schemes launched in May - Motilal Oswal MOSt Focused 25 Fund and PPFAS Long Term Value Fund mopped up Rs 146 crore. Close-ended funds collected Rs 1259 crore.
|
Category |
Net inflow/outflow in May |
Net inflow/outflow in April |
|
Income |
20,919 |
20,159 |
|
Equity |
-2,910 |
-80 |
|
Balanced |
-338 |
-4 |
|
Liquid |
20,697 |
85,745 |
|
Gilt |
-498 |
986 |
|
ELSS |
-447 |
-190 |
|
Gold ETF |
5 |
-36 |
|
Other ETF |
25 |
17 |
|
Fund of Funds investing overseas |
-18 |
-23 |
|
Total |
37,435 |
106,574 |
|
Source : AMFI |
||
