Total AUM of MF Industry Climbs by 7.8% in January ’12
Total Assets Under Management (AUM) of the mutual fund (MF) industry climbed by 7.8% (by Rs. 47751 crore) to Rs. 6.59 lakh crore in January 2012. Prior this increase, AUM of the industry fell by 2% in November 2011 and by 10.3% in December 2011. The higher net inflows into liquid funds and surge in equity markets have led to the increase in AUM of the industry.
Except for Income Funds whose AUM fell marginally by 0.2%, all other category witnessed increase in AUM. AUM of Liquid Funds climbed the highest by 22.4%, followed by Gilt Funds by 19.5%, Equity Linked Savings Scheme (ELSS) by 11.5% and Equity Funds by 11.4% among others.
Net inflow into the industry stood at Rs. 23553 crore, which is basically due to huge net inflow into liquid funds by Rs. 26429 crore in January. Gilt Funds faced net inflows for the second consecutive month, the net inflows was worth Rs. 521 crore in January.
Equity Funds saw net outflows of Rs. 456 crore in January against Rs. 360 crore of net inflows in December 2011. The outflow comes at the time when the Sensex and Nifty gaining over 11% in January. However, ELSS had seen net inflows to the tune of Rs. 76 crore as investors have turned to these funds for tax saving purpose. Net inflows in Gold ETF slowed down to Rs. 82 crore, as against a net inflow of Rs. 157 crore in December. Income funds saw net outflows for the third consecutive month and it was Rs. 2926 crore in January.
Net inflows into the industry for the Year to Date (YTD) period of the current fiscal stood at Rs. 60471 crore which is higher than net inflow of Rs. 52288 crore during the YTD period of the previous fiscal.
Funds mobilized from 52 newly launched schemes in Januaury stood at Rs. 8501 crore, out of which Rs. 7844 crore came from 49 close ended income funds. Indiabulls Ultra Short Term Fund and Pramerica Dynamic Bond Fund (open ended income fund) mobilized Rs. 584 crore and Axis Constant Maturity 10 Year Fund (an open ended gilt fund) mobilized Rs. 73 crore.
| Net Inflow / Outflow in Different Fund Categories in January 2012 | |
| Category | Net Flows (Rs. Cr) |
| Income | -2926 |
| Equity | -456 |
| Balanced | -101 |
| Liquid / Money Market | 26429 |
| Gilt | 521 |
| ELSS – Equity | 76 |
| Gold ETF | 82 |
| Other ETFs | -11 |
| Fund of Funds Investing Overseas | -61 |
| Total | 23553 |
| Category | Assets Under Management (AUM) * | % | |
| December-2011 | January-2012 | ||
| Income | 298569 | 297957 | -0.2 |
| Equity | 140612 | 156636 | 11.4 |
| Balanced | 14556 | 16207 | 11.3 |
| Liquid | 120713 | 147812 | 22.4 |
| Gilt | 3121 | 3731 | 19.5 |
| ELSS – Equity | 20630 | 23004 | 11.5 |
| Gold ETF | 9153 | 9614 | 5.0 |
| OTHER ETFs | 1515 | 1645 | 8.6 |
| Fund Of Funds Investing Overseas | 2533 | 2547 | 0.6 |
| TOTAL | 611402 | 659153 | 7.8 |
| *Rs. Crore | |||
