The industry’s asset base grew 12% from Rs.10.51 lakh crore in December to touch an all-time high of Rs. 11.81 lakh crore in January.
The New Year has begun on a good note for the MF industry. Thanks to healthy inflows in equity and liquid funds, the mutual fund industry’s assets grew by 12% or Rs. 1.30 lakh crore from Rs.10.51 lakh crore in December to touch an all-time high of Rs.11.81 lakh crore in January 2015.
In January, the industry received net inflows of Rs. 85,848 crore in liquid funds. Apart from inflows in liquid funds, equity funds too saw net inflows of Rs. 6,324 crore in January. Investors poured in over Rs.13,000 crore in equity funds (new launches and existing schemes) while redemptions stood at Rs. 6,600 crore. As a result, the total AAUM of equity funds (including ELSS) reached an all-time high at Rs.3.40 lakh crore in January.
While a large part of inflows (Rs.10,818 crore) came in existing funds, new fund offers mopped up Rs. 2,304 crore. AMFI data shows that 6 new closed end equity funds were launched in January which collectively mopped up Rs.1,500 crore. Reliance Capital Builder Fund II was the highest grosser in the close end equity fund category which collected Rs.1,000 crore.
Since the beginning of FY 2014-15, equity funds have seen positive inflows each consecutive month. From April 2014 to January 2015, the industry has attracted inflows of over Rs. 57,000 crore in equity funds.
Debt funds
Investors flocked to income and gilt funds on expectations of a further rate cut by RBI. In January, RBI slashed repo rate by 25 basis points which resulted in healthy inflows in both income and gilt funds. Income funds, which saw a marginal outflow of Rs.1,632 crore in December, received net inflows of Rs.12,000 crore in January. Gilt funds received net inflows of over Rs.1,800 crore in January.
ETFs
Investors continued to shun gold ETFs due its lackluster performance. The category saw net outflows of Rs.131 crore in January. Meanwhile, other ETFs, which track the equity indices, received inflows of Rs. 128 crore in January.
Overseas fund of funds
Overseas
fund of funds saw net outflows of Rs.102 crore in January. Last month, overseas
FOFs saw net outflows of Rs.162 crore. There are 31 international funds in the
industry which manage Rs. 2,500 crore.
