Equity schemes too record net outflows of Rs 124 crore in the month of March 2011
Mumbai: In keeping up with the year end trend of witnessing net outflows, March 2011 too saw a dip in AUMs across categories. In a bid to firm up their balance sheets, firms and banks have sucked out Rs 98,255 crore from money market and Rs 30,612 crore from income funds in the month of March 2011. In March 2010 last year, income funds had seen a net outflow of Rs 1.64 lakh crore.
Equity schemes saw a net outflow of Rs 124 crore breaking the three month trend of net inflows. Altogether, equity schemes recorded net outflows of Rs 13,405 crore in FY11. Overall, the net outflows of the industry stood at Rs 1.27 lakh crore.
Gold ETF saw inflows of Rs 648 crore in the month of March 2011. In March 2010, Gold ETFs had garnered Rs 45 net inflows.
Motilal Oswal’s Most Shares NASDAQ 100 ETF collected Rs 47 crore. IDFC Infrastructure Fund and Mirae Asset India-China Consumption fund together mopped up Rs 93 crore. Canara Robeco Gilt Advantage Fund collected Rs 46 crore.
