The new financial year has started on a good note for the industry.
Thanks to record inflows in liquid and income funds, the industry’s AUM touched a new high of Rs. 14.21 lakh crore in April 2016. Liquid funds received net inflows of Rs. 1.34 lakh crore while income funds mopped up Rs. 31,448 crore. Typically, corporate investors withdraw from liquid funds from during quarter end and invest at the start of the quarter. If we look at April 2015 data, liquid funds had received Rs. 1.01 lakh crore net inflows.
After seeing net outflows of Rs. 3,206 crore (equity growth) in March, equity funds received net inflows of Rs. 4,042 in April. If we add, balanced funds, equity ETFs and ELSS, the equity category received net inflows of Rs. 4,875 crore. As a result, the equity AUM of the industry reached Rs. 4.56 lakh crore in April, including balanced funds, equity ETFs and ELSS. The BSE Sensex was up 1% in April.
There were only 10 NFOs in April. The industry launched nine income schemes and one equity fund. These nine income schemes collected Rs. 583 crore while Principal Arbitrage Fund collected Rs. 66 crore.
All in all, the industry received net inflows of Rs. 1.70 lakh crore which helped the industry’s AUM scale a new high of Rs. 14.21 lakh crore in April.
Net inflow/outflow in April
|
Category |
Net inflows/outflows |
AUM |
|
Equity |
4,042 |
356,719 |
|
Balanced |
366 |
40,764 |
|
ELSS |
396 |
43,056 |
|
ETFs |
71 |
16,400 |
|
Gold ETFs |
(69) |
6,480 |
|
Income |
31,448 |
601,609 |
|
Liquid |
134,311 |
337,049 |
|
Gilt |
(372) |
16,123 |
|
FOF overseas |
(32) |
2,011 |
|
IDF |
|
1,741 |
|
Total |
170,161 |
1,421,952 |
|
Source: AMFI Rs. cr. |
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