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Thursday, March 11, 2010

Private Sector MFs See inflow in February 2010

Redemption amount of Private Sector MFs increases by 2.22% 

Securities and Exchange Board of India (Sebi) has released data on status of public and private sector mutual funds (MFs) for April- February 2010. Mutual Fund Industry is back on track after seeing dip in average assets under management in December 2009 and January 2010. The mobilization of funds in the industry has increased by 93.24% in February 2010 compared with January 2010. Despite, public sector mutual funds witnessing net outflows, there has been net inflows from private sector mutual funds in February 2010. Private sector MFs net inflow was at of Rs 6778.9 in February 2010 while the redemption amount of private sector MFs increased by 2.22%. 

Mutual Funds net selling of equities decelerated to Rs 697.20 crore in February 2010 as against net selling of Rs 1311.30 crore in January 2010. Mutual Funds net buying of debt papers increased to Rs 11973.70 crore in February 2010 against net buying of Rs 31333.50 crore in January 2010.

Increase in mobilisation 

The MFs mobilisation of fund increased by 93.34% to Rs 759163 crore in February 2010 from Rs 392653.06 crore in January 2010. 

Private sector MFs' collection declined 7.32% to Rs 608192.14 crore in February 2010 from Rs 656236.32 crore in January 2010. UTI MF collected Rs 60014.32 crore, and other public sector MFs mobilisation increased to Rs 90956.54 crore in February 2010. The public sector MFs' total mobilisation increased to Rs 150970.86 crore in February 2010, which is higher than a decline of Rs 263583.26 crore in January 2010.

The repurchase amount of the industry was recorded at Rs 752797.66 crore in February 2010. The industry had a net inflow of Rs 6365.36 crore in February 2010 compared with a net inflow of Rs 97241.53 crore in January 2010. 

The redemption amount of private sector MFs increased by 2.22% to Rs 601413.25 crore in February 2010 from Rs 588374.68 crore in February 2010. Net inflow of private sector MFs was Rs 6778.9 in February 2010 which is lower than net inflow of Rs 67861.64 crore in January 2010. 

UTI MF had witnessed repurchase amount of Rs 60402.3 crore, while other public sector MFs at Rs 90982.11 crore. The redemption amount of public sector MFs declined 23.97% to Rs 151384.41 crore in February over Rs 199121.65 crore in January 2010. The UTI fund house recorded net outflow of Rs 387.98 crore and other public sector MFs had outflow of Rs 25.56 crore in February 2010. Overall the net outflow of public sector MFs was at Rs 413.54 crore in February 2010 compared with net inflow of Rs 29379.89 crore in January 2010. 

Public and Private sector MF in April- February 2010 

The net asset of the industry rose to Rs 766869.45 crore in April-February 2010. Net assets of Fund of Funds schemes were recorded at Rs 1428.46 crore in April- February 2010.
Net asset size of private sector mutual funds was Rs 599031.89 crore, a share of 78.11% in the total net asset size of the industry in April- February 2010. 

Public sector mutual funds contributed about 21.89% to total net assets of the MF industry in April- February 2010. Net assets of the public sector mutual funds were at Rs 167837.55 crore in April- February 2010. Net asset size of UTI MF was worth Rs 76790.5 crore, contributing 10.01% to total mutual fund assets in April- February 2010. Other public sector MFs contributed 11.87% with assets of Rs 91047.05 crore during the same period. 

The fund mobilisation recorded at Rs 9053553.12 crore in April- February 2010. Private sector MF collection has been registered at Rs 6979511.61 crore in April- February 2010.
UTI MF collected Rs 775507.19 crore, and others public sector MFs mobilized Rs 1298534.31 crore in April- February 2010. The public sector collectively gathered Rs 2074041.5 crore in April- February 2010. 

The repurchase amount of the industry was recorded at Rs 8808306.97 crore in April- February 2010. The industry had an inflow of Rs 245246.14 crore in April- February 2010.
The redemption amount of private sector MFs was recorded at Rs 6796700.71 crore in April- February 2010. Net inflow in private sector MF stood at Rs 182810.91 crore in April- February 2010. 

UTI MF had witnessed a repurchase of Rs 748087.44 crore, while other public sector MFs posted redemption amount at Rs 1263518.82 crore. The UTI fund house recorded an inflow of Rs 27419.75 crore and other public sector MFs had inflow of Rs 35015.49 crore in April- February 2010. Overall public sector MFs had net inflow of Rs 62435.24 crore in April- February 2010.
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