The industry witnessed Rs. 37,514 crore dip in net inflows in November
Mumbai: The mutual fund industry is beginning to bear the brunt of tight liquidity and market uncertainty. All schemes except liquid funds recorded net outflows to the tune of Rs. 2,088 crore, shows the latest AMFI data. The inflows in liquid funds have also fallen compared to last month. In October 2011, liquid funds witnessed net inflows of Rs. 32,745 crore while in November the net inflows stand at just Rs. 5,861 crore.
|
Scheme |
Net inflow/outflow | |
|
November 2011 |
October 2011 | |
|
Income |
-1735 |
8288 |
|
Equity |
-49 |
181 |
|
Balanced |
-9 |
12 |
|
Liquid |
5861 |
32745 |
|
Gilt |
-107 |
-252 |
|
ELSS |
-3 |
29 |
|
Gold ETFs |
-22 |
455 |
|
Other ETFs |
-28 |
-191 |
|
Fund of Funds |
-135 |
20 |
|
Total |
3773 |
41287 |
|
Change |
-91% |
|
|
Drop in net inflows |
-37514 |
|
|
Source: AMFI | ||
Equity funds saw a marginal net outflow of Rs. 49 crore in November after three months of continuous inflows. The AUM of equity funds dropped 8% to Rs. 1.48 lakh crore in November from Rs. 1.61 lakh crore in October.
The industry’s AUM slipped 2% from Rs. 6.95 lakh crore in October to Rs. 6.81 lakh crore in November 2011. The BSE Sensex fell 8% in the month of November.
The industry garnered Rs. 9,032 crore from 54 NFOs in November. Income schemes collected Rs. 8,914 crore, Tata Retirement Savings Fund - Moderate Plan and Progressive Plan collected Rs. 10 crore, IDBI Gold ETF collected Rs108 crore.
