Total Assets Under Management (AUM) of the mutual fund (MF) industry
fell by 6.87% or by Rs 53926 crore to Rs 7.31 lakh crore in May 2011.
The decline was attributed due to huge outflow of funds from Liquid
Funds, Income Funds, Other ETFs. It declined by Rs 39603 crore, Rs 11141
crore and Rs 631 crore respectively.
The net outflow from the industry was recorded at Rs 48850 crore in May
2011 as against a net inflow of Rs 1.84 lakh crore in April 2011.
Though there were huge outflows from debt funds, money flowed into
Equity Funds (Rs 1546 crore), Gold ETFs (Rs 569 crore), Fund of Funds
Investing Overseas (Rs 343 crore) and Balanced Funds (Rs 217 crore).
Funds mobilized from 41 newly launched schemes in May 2011 stood at Rs
7941 crore, out of which Rs 7416 crore came from 37 close ended income
funds.