Industry’s equity AAUM went up to an all-time high of Rs. 3.20 lakh crore in December.
The year 2015 gets off on a high note for the Indian mutual fund industry. Thanks to mark to market gains and inflows in existing schemes as well as new fund offers, the total AAUM of equity mutual funds (including ELSS) has reached an all-time high at Rs.3.20 lakh crore in December, shows the latest AMFI data.
In December, equity mutual funds received net inflows of over Rs. 6,650 crore. Investors poured in over Rs.15,000 crore in December in equity funds (new launches and existing schemes) while redemption stood at Rs. 8,500 crore.
While a large part of inflows (Rs.12,665 crore) came in existing funds, new fund offers mopped up Rs.2,582 crore. AMFI data shows that 13 new close end equity funds were launched in December which collectively mopped up Rs. 2,222 crore. UTI Mutual Fund was the highest grosser in the close end equity fund category. The fund house collected Rs.900 crore from the NFO of UTI Focused Equity Fund Series II.
Since the beginning of FY 2014-15, equity funds have seen positive inflows each month. From April to December 2014, the industry has attracted inflows of over Rs.51,000 crore in equity funds.
Debt funds
After seeing inflows of Rs. 20,000 crore in November, income funds witnessed net outflows of Rs.1,632 crore in December. Also, liquid funds saw net outflow of Rs.50,786 crore in December due to quarter end. Typically, corporate investors pull out money in the last week of quarter end and invest in the first two weeks of subsequent month.
Investors backed gilt funds on expectations of a rate cut by RBI. As a result, gilt funds, which have seen continuous outflows in the recent past, saw net inflows of over Rs. 2,000 crore in December.
ETFs
Gold ETFs continued to see redemption pressure as the category saw net outflows of Rs. 111 crore in December. Meanwhile, other ETFs, which track the equity indices, received inflows of Rs. 773 crore.
Overseas fund of funds
Overseas fund of funds saw net outflows of Rs.162 crore. Last month, overseas FOFs had witnessed a net outflow of Rs.128 crore. There are 31 international funds in the industry which manage Rs. 2,668 crore as on December.
All in all, the industry saw net outflows of Rs. 41,388 crore largely on account of outflows from liquid funds. As a result, the industry’s AUM dipped to Rs.10.51 lakh crore in December from Rs.10.90 lakh crore in November.
Net inflow/outflow in December
|
Category |
Net inflow/ outflow |
AAUM |
|
Equity |
6,057 |
2,83,221 |
|
ELSS |
594 |
36,257 |
|
Balanced |
1,789 |
24,490 |
|
Liquid |
-50,786 |
1,78,491 |
|
Income |
-1,632 |
5,02,154 |
|
Gilt |
2,090 |
9,025 |
|
Gold ETFs |
-111 |
7,188 |
|
Other ETFs |
773 |
6,702 |
|
Fund of funds investing overseas |
-162 |
2,668 |
|
Total |
-41,388 |
10,51,343 |
Source: AMFI Rs. crore
