After scaling a new high of Rs. 12 lakh crore, MF industry’s AUM dipped to touch Rs. 11.73 lakh crore in June due to redemptions from liquid funds.
Equity
Equity funds (including ELSS) received net inflows of more than Rs. 12,000 crore in June. As a result, the equity AUM of the industry touched Rs. 3.72 lakh crore in June. Balanced funds too saw net inflows of Rs. 4,419 crore in June. “Around Rs. 5,000 crore has come in a few equity and balanced schemes from institutional investors. Retail inflows have actually dried up in June due to the volatility,” said a Mumbai based distributor.
Among the new fund offers, ICICI Prudential Value Fund Series 7 and Reliance Capital Builder Fund III - Series A (both closed end funds) collectively mopped up Rs. 104 crore. Existing equity funds saw gross inflows of Rs. 17,287 crore.
Net inflow/outflow in June
|
Category |
Net inflow/outflow |
|
Equity |
11,999 |
|
ELSS |
274 |
|
Balanced |
4,419 |
|
Income |
5,861 |
|
Liquid |
-47,330 |
|
Gilt |
-279 |
|
Gold ETF |
-76 |
|
Other ETF |
73 |
|
Fund of funds investing overseas |
-26 |
|
Total |
-25,085 |
|
Source : AMFI Rs. cr |
|
Income & liquid
Income funds saw net inflows of Rs. 5,861 crore in June. There were 19 income fund NFOs which collectively mopped up Rs. 2,761 crore while existing income funds collected Rs. 38,984 crore.
Liquid funds saw net outflows of Rs. 47,330 crore in June due to quarter end.
Gilt
After seeing net inflows of Rs. 875 crore in May, gilt funds saw a marginal net outflow of Rs. 279 crore in June.
Gold ETF & Other ETFs
Investors continued to pull out from gold due to the subdued returns. Gold fund category has delivered – 7% over a one year period, shows Value Research data. The category saw net outflow of Rs. 76 crore in June. Other ETFs which track equity indices received net inflows of Rs. 73 crore in June.
The industry saw net outflows of Rs. 25,085 crore in June largely due to redemptions from liquid funds. As a result of this, industry’s AUM slipped below the Rs. 12 lakh crore mark to touch Rs. 11.73 lakh crore in June.
