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Tuesday, February 23, 2010

Public and Private Sector MFs see inflow in January 2010

Redemption amount of Private Sector MFs declines by 15.34% 

Net inflows into mutual funds during January 2010 have brought delight to the industry, as it has bounced back from net outflows it witnessed in December 2009. Securities and Exchange Board of India (Sebi) released data on status of public and private sector mutual funds (MFs) for April- January 2010. There has been inflow of Rs 97241.53 crore in January 2010, from an outflow of Rs 157204.07 crore in December 2009. However, the mobilisation of funds has declined by 49.45% in January 2010. 

 Fall in mobilisation

The MFs mobilisation of fund declined by 49.45% to Rs 392653.06 crore in January 2010 from Rs 776811.36 crore in December 2009.

Private sector MFs' collection increased 13.51% to Rs 656236 crore in January 2010 from Rs 578134 crore in December 2009. UTI MF collected Rs 88413 crore, and others public sector MFs mobilisation declined to Rs 351996 crore in January 2010. The public sector MFs mobilisation declined to Rs 263583 crore in January 2010, which less than Rs 198677 crore in December 2009.

The repurchase amount of the industry was recorded at Rs 787496.33 crore in January 2010. The industry had a net inflow of Rs 97241.53 crore in January 2010 compared with a net outflow of Rs 157204.07 crore in December 2009.

The redemption amount of private sector MFs declined by 15.34% to Rs 588374.68 crore in January 2010 from Rs 694958.87 crore in December 2009. Net inflow of private sector was Rs 67861.64 in January 2010 from a net outflow of Rs 116824.98 crore in December 2009.
UTI MF had witnessed repurchase amount of Rs 74060.94 crore, while other public sector MFs at Rs 125060.71 crore. The redemption amount of public sector MFs declined 16.71% to Rs 199121.65 crore in January over Rs 239056.56 crore in December 2009. The UTI fund house recorded net inflow of Rs 14351.9 crore and other public sector MFs had inflow of Rs 15027.99 crore in January 2010. Overall, net inflow of public sector increased to Rs 29379.89 crore in January 2010 from net outflow of Rs 40379.09 crore in December 2009.

Public and Private sector MF in April- January 2010

The net asset of the industry rose to Rs 758712.47 crore in April-January 2010. Net assets of Fund of Funds schemes were recorded at Rs 1044.88 crore in April- January 2010.

Net asset size of private sector mutual funds was Rs 590491.22 crore, a share of 77.83% in the total net asset size of the industry in April- January 2010.

Public sector mutual funds contributed about 22.17% to total net assets of the MF industry in April- January 2010. Net assets of the public sector mutual funds were at Rs 168221.25 crore in April- January 2010. Net asset size of UTI MF was worth Rs 77017.23 crore, contributing 10.15% to total mutual fund assets in April- January 2010. Other public sector MFs contributed 12.02% with assets of Rs 91204.02 crore during the same period.

The fund mobilisation recorded at Rs 8294390.1 crore in April- January 2010. Private sector MF collection has been registered at Rs 6371319.47 crore in April- January 2010.

UTI MF collected Rs 715492.87 crore, and others public sector MFs mobilized Rs 1207577.77 crore in April- January 2010. The public sector collectively gathered Rs 1923070.63 crore in April- January 2010.

The repurchase amount of the industry was recorded at Rs 8055509.31 crore in April- January 2010. The industry had an inflow of Rs 238880.79 crore in April- January 2010.

The redemption amount of private sector MFs was recorded at Rs 6195287.46 crore in April- January 2010. Net inflow in private sector MF stood at Rs 176032.01 crore in April- January 2010.

UTI MF had witnessed repurchase amount of Rs 687685.14 crore, while other public sector MFs posted redemption amount at Rs 1172536.71 crore. The UTI fund house recorded an inflow of Rs 27807.73 crore and other public sector MFs had inflow of Rs 35041.05 crore in April- January 2010. Overall public sector MFs had net inflow of Rs 62848.78 crore in April- January 2010.
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