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Friday, January 08, 2010

Public and Private Sector MFs See Huge outflow in December 2009

Redemption amount grows 17.13% in December 2009 

Securities and Exchange Board of India (Sebi) has released data on status of public and private sector mutual funds (MFs) for April- December 2009. The asset of the industry depleted because of huge outflows from income funds and liquid funds. In spite of surge in equity markets, MFs' asset base declined in December 2009. BSE Sensex and S & P CNX Nifty gained 3.18% and 3.35%, respectively, in December 2009. The average AUM of the industry fell 1.62% to Rs 7.94 lakh crore in December 2009 compared with Rs 8.07 lakh crore in November 2009.

MFs were net sellers of equities worth Rs 4421.40 crore in April- December 2009-10 compared with net buyers of Rs 7502.90 crore in April- December 2008-09. However, MFs' net buying of debt securities increased to Rs 146630.60 crore in April- December 2009-10 compared with Rs 28867.20 crore in the previous year.

Huge outflow of Rs 157204.08 crore in December

The MFs mobilisation of fund declined by 7.80% to Rs 776811 crore in December 2009 from Rs 842509 crore in November 2009.

Private sector MFs' collection plunged 12.52% to Rs 578134 crore in December 2009 from Rs 660871 crore in November 2009. UTI MF collected Rs 55356 crore, and others public sector MFs mobilised Rs 143322 crore in December 2009. The public sector MFs collectively mobilised Rs 198677 crore in December 2009 more than Rs 181638 crore in November 2009.

The repurchase amount of the industry was recorded at Rs 934,015.43 crore in December 2009. The industry had an outflow of Rs 157204.08 crore in December 2009 compared with a net inflow of Rs 45124.37 crore in November 2009.

The redemption amount of private sector MFs increased by 10.88% to Rs 694,958.87 crore in December 2009 from Rs 626,749.23 crore in November 2009. Net outflow of private sector was Rs 116824.98 crore in December 2009 from a net inflow of Rs 34122.16 crore in November 2009.

UTI MF had witnessed repurchase amount of Rs 72,939.67 crore, while other public sector MFs at Rs 166,116.89 crore. The redemption amount of public sector MFs grew 40.10% to Rs 239,056.56 crore in December over Rs 170,635.76 crore in November 2009. The UTI fund house recorded net outflow of Rs 17583.8 crore and other public sector MFs had outflow of Rs 22795.30 crore in December 2009.Overall, net outflow of public sector increased to Rs 40379.09 crore in December 2009 from net inflow of Rs 11002.2 crore in November 2009.

Public and Private sector MF in April- December 2009 

The net asset of the industry rose to Rs 665146.15 crore in April-December 2009. Net assets of Fund of Funds schemes were recorded at Rs 1029.08 crore in April- December 2009.

Net asset size of private sector mutual funds was Rs 524391.57 crore, a share of 78.84% in the total net asset size of the industry in April- December 2009.

Public sector mutual funds contributed about 21.16% to total net assets of the MF industry in April- December 2009. Net assets of the public sector mutual funds were at Rs 140,754.59 crore in April- December 2009. Net asset size of UTI MF was worth Rs 63,863.29 crore, contributing 9.60% to total mutual fund assets in April- December 2009. Other public sector MFs contributed 11.56% with assets of Rs 76891.30 crore during the same period.

The fund mobilisation recorded at Rs 7409652.28 crore in April- December 2009. Private sector MF collection has been registered at Rs 5715083.15 crore in April- December 2009.

UTI MF collected Rs 627080.04 crore, and others public sector MFs mobilized Rs 1067489.09 crore in April- December 2009. The public sector collectively gathered Rs 1694569.13 crore in April- December 2009.

The repurchase amount of the industry was recorded at Rs 7268013.01 crore in April- December 2009. The industry had an inflow of Rs 141639.27 crore in April- December 2009.

The redemption amount of private sector MFs was recorded at Rs 5606912.78 crore in April- December 2009. Net inflow in private sector MF stood at Rs 108170.37 crore in April- December 2009.

UTI MF had witnessed repurchase amount of Rs 613624.20 crore, while other public sector MFs posted redemption amount at Rs 1047476.03 crore. The UTI fund house recorded an inflow of Rs 13455.83 crore and other public sector MFs had inflow of Rs 20013.06 crore in April- December 2009. Overall public sector MFs had net inflow of Rs 33468.90 crore in April- December 2009.
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