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Monday, May 11, 2009

Swelling assets of Liquid & Income funds leads MF total AUM to rise

MFs total AUM jumps 42% in April 2009

The mutual fund (MF) witnessed an impressive growth of 42.23% in total asset under management (AUM) to Rs 5.93 lakh crore as on 30 April 2009 from Rs 4.17 lakh crore as on 31 March 2009. Assets under management (AUM) rose 11.76% to Rs 5.51 lakh crore in April 2009 compared with Rs 4.93 lakh crore in March 2009. AUM of fund of funds (FoFs) was Rs 706.30 crore in April 2009.

Association of Mutual Funds in India (AMFI) has released monthly data of the industry for April 2009. The MFs has launched four schemes in month of April 2009. Two schemes were from close-ended income category; one from open-ended income category, one open-ended equity fund in April 2009. These funds have mobilised Rs 119 crore.

Liquid funds had a highest growth of 57.22% in its total assets in April 2009. Income funds had a rise of 55.10% in April 2009. While the losers were gilt funds, gold ETFs, other ETFs and Fund of Funds investing overseas.

Equity Funds

Total AUM of equity funds increased by 13.24% to Rs 108507 crore as on 30 April 2009 from Rs 95817 crore as on 31 March 2009, as equity benchmark indices surged in April 2009. BSE Sensex gained 17.45% to 11,403.25 and the S&P CNX Nifty rose 14.99% to 3473.95 in April 2009. However, equity funds witnessed a net outflow of Rs 196 crore in April 2009. Equity funds contributed 18% to total AUM in April 2009 less than 23% in March 2009.

Income Funds

Income funds are categorized into three types: open-ended, interval funds and close-ended funds. Total AUM of income funds jumped by 55.10% to Rs 306,080 crore in April 2009 over March 2009. Income funds recorded a net inflow of Rs 103,055 crore in April 2009 as against net outflow of Rs 62,381 crore in March 2009. Share of assets of income funds was 52% in April 2009 to total AUM, higher than 47% in March 2009.

Liquid Funds

Liquid funds recorded a rise of 57.22% to Rs 142432 crore in its total AUM in April 2009 compared with March 2009. It recorded a net inflow of Rs 51,852 crore in April 2009.

Gilt Funds

AUM of gilt funds decreased by 1.03% to Rs 6347 crore in April 2009 from Rs 6413 crore in March 2009. Gilt funds had net outflow of Rs 400 crore.

Other Funds

ELSS-Equity funds witnessed net inflow of Rs 90 crore with a rise of 14.81% in its total assets. Balanced funds grew by 12.61% in April 2009.Gold ETFs had net outflow of Rs 4 crore, its total AUM slipped 2.58% to Rs 717 crore in April 2009 over Rs 736 crore in March 2009. The total AUM of other ETFs plummeted by 5.00% in April 2009. Fund of Funds investing overseas recorded a fall of 4.14% in assets.

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