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Monday, October 12, 2009

Private sector MF sees huge redemption in first half of FY 09-10

Industry's total redemption amount rises to Rs 46 lakh crore in this period 

Securities and Exchange Board of India (Sebi) has released data on status of public and private sector mutual funds (MFs) for April-September 2009. The markets had seen rapid recovery during April - September 2009. Indian major bourses like BSE Sensex and S & P CNX Nifty advanced 50.19% and 42.35% in first 6 months of financial year 2009-10. During the span of 6 months, Indian economy has recovered a lot with rise in industrial production, huge foreign institutional investor's inflow, increase in the confidence of investors, less volatility in the markets. Thus, we had seen net buying in equity instruments and also in debt papers during April-September 2009. It helped MF industry to increase its total asset under management to 5.81% in April- September 2009.

MFs had registered net buying of equities worth Rs 3230.40 crore in April-September 2009-10 from net buying of Rs 6466.90 crore in April-September 2008-09. It had increased debt investments to Rs 94002.70 crore in April-September 2009-10 as compared with Rs 45290.20 crore in the previous year.


Public and Private sector MF in April-September 2009

The net asset of the industry rose to Rs 627998.80 crore in April-September 2009. Net assets of Fund of Funds schemes were recorded at Rs 821.91 crore in April-September 2009.

Net asset size of private sector mutual funds was Rs 495,708.89 crore, a share of 78.93% in the total net asset size of the industry in April-September 2009.

Public sector mutual funds contributed about 21.07% to total net assets of the MF industry in April-September 2009. Net assets of the public sector mutual funds were at Rs 132,289.91 crore in April-September 2009. Net asset size of UTI MF was worth Rs 60,325.47 crore, contributing 9.61% to total mutual fund assets in April-September 2009. Other public sector MFs contributed 11.46% with assets of Rs 71,964.44 crore during the same period.

The fund mobilisation recorded at Rs 4740136.55 crore in April-September 2009. Private sector MF collection has been registered at Rs 3655375.34 crore in April-September 2009.

UTI MF collected Rs 423773.62 crore, and others public sector MFs mobilized Rs 660987.59 crore in April-September 2009. The public sector collectively gathered Rs 1084761.21 crore in April-September 2009.

The repurchase amount of the industry was recorded at Rs 4,627,709.47 crore in April-September 2009. The industry had an inflow of Rs 112,427.08 crore in April-September 2009.

The redemption amount of private sector MFs was recorded at Rs 3571511.12 crore in April-September 2009. Net inflow in private sector MF stood at Rs 83,864.22 crore in April-September 2009.

UTI MF had witnessed repurchase amount of Rs 412,042.99 crore, while other public sector MFs posted redemption amount at Rs 644,155.36 crore. The UTI fund house recorded an inflow of Rs 11,730.63 crore and other public sector MFs had inflow of Rs 16,832.23 crore in April-September 2009. Overall public sector MFs had net inflow of Rs 28,562.86 crore in April-September 2009.



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