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Tuesday, February 10, 2015

AAUM rises by 12.4% in January 2015 on Sequential Basis

Pharma Funds top the return category

All the major categories of domestic equity funds witnessed positive returns in the one month period ended January 2015. Among the sectoral funds, Pharma funds gained the most by 6.09%, becoming the best performers in the category followed by Banking funds rising by 6.06%. While the Infotech funds and FMCG funds increased by 4.98% and 4.74%, respectively, becoming the least performers in sectoral funds, data from NAV India showed. 

Other ETFs category increased by 5.14%, while Gold ETFs posted 2.93% gains. 

Sensex and Nifty increased by 6.49% and 6.8%, respectively; in the month of January. Among the diversified sub category, Large Cap Funds gained the most by 6.57%, while Mid Cap Funds increased 5.48%. Multi Cap Funds increased by 6.24%. Tax Planning and Index Funds also increased by 6.81% and 6.18%, respectively. However, Arbitrage Funds increased by 1.29%.

Like the equity funds, all the debt fund categories posted positive one month returns in January. Gilt Funds-Medium & Long Term was the best performer gaining 2.4%, followed by Gilt Funds-Short Term by 1.26%, Short Term Income funds at 1.13%. Floating Rate Income Funds-Long Term posted 0.92% gains along with Floating Rate Income Funds-Short Term by 0.78% and Ultra Short Term Funds at 0.72%. Income Funds posted gains of 0.67%. 

Equity & Debt Investments by Mutual Funds

Domestic mutual funds turned out to be net buyers in equity in January 2015. Mutual Funds were net buyers in equities worth Rs 879.5 crore, as against net buying of Rs 7036.9 crore in December 2014. In January mutual funds were net buyers in equity in 11 trading sessions and net sellers in 10 sessions. Net buying in equity was recorded highest at Rs 609 crore on 30 January 2015 while net selling recorded high at Rs 649.3 crore on 29 January. 

Mutual Funds were net buyers in debt to the tune of Rs 33124.4 crore in Janaury 2015. Out of the 21 trading sessions in January mutual funds were net buyers in debt in 16 trading sessions and net sellers in 05 sessions. Net buying in debt was recorded highest at Rs 7295.5 crore on 02 January 2015 while net selling recorded high at Rs 1066.8 crore on 07 January.

Assets of Mutual Fund Industry rises by 12.4% in January 2015 on Sequential Basis
 Total Assets Under Management (AUM) of the mutual fund (MF) industry increased by 12.4% (by Rs 1.30 lakh crore) to Rs 11.81 lakh crore in January 2015 after witnessing 3.6% fall (by Rs 38966 crore) to Rs 10.51 lakh crore in December 2014. Meanwhile, January month saw the highest AUM in FY15 since April 2014. The m-o-m basis AUM of all categories witnessed rise except for Fund Of Funds Investing Overseas. Liquid Funds saw highest AUM. AUM of the industry grew by 30.8% (or by Rs 2.78 lakh crore) YoY in January.



Among all the categories Gold ETF and Fund of Funds Investing Overseas categories witnessed net outflows, while others witnessed net inflows. Net inflow in the industry stood at Rs 1.07 crore in January, as against net outflow of Rs 41388 crore in December 2014. 

Moreover, January month also witnessed third highest net inflow in FY15. The Liquid / Money Market funds saw highest inflows, while Gold ETF registered highest outflows. 

Funds mobilized from 29 newly launched schemes in January stood at Rs 4,654 crore, out of which Rs 2,350 crore came from 21 income funds (one open ended and 20 close ended) and Rs 2,284 crore came from 07 equity schemes (01 open ended and 06 close ended) and Rs 20 crore from 01 open end ELSS-Equity.

AUM of equity funds increased 6.7% (by Rs 18984 crore) to Rs 3.02 lakh crore in January 2015 over December 2014. The assets of equity-linked saving schemes (ELSS) increased by 6.8% (by Rs 2474 crore) to Rs 38731 crore. Meanwhile, Equity Funds registered a net inflow of Rs 5850 crore for the month and ELSS Funds saw net inflow to a tune of Rs 474 crore. 

Thus, total equity funds witnessed net inflow of Rs 6324 crore. Rise in AUM during January was primarily due to inflows in equity funds, which was aided by a strong stock market. 

Besides, retail participation in equity schemes has increased significantly during the recent months. Net inflows in equity funds totaled to Rs 55872 crore and net inflows in ELSS totaled to Rs 836 crore in FY15 till January 2015.

AUM of Liquid Funds increased sharply by 48.7% (by Rs 86867 crore) to Rs 2.65 lakh crore primarily due to net inflows of Rs 85848 crore. Inflows into the category are cyclical in nature as companies, banks and financial institutions withdraw money in the quarter for paying advance taxes and plough back the money after quarter end. Liquid and money market schemes have seen net inflows of Rs 1.14 lakh crore in FY15 till January 2015. 

AUM of Income Funds increased by 3.6% (by Rs 18080 crore) to Rs 5.20 lakh crore. Moreover, this category witnessed net inflow of Rs 12163 crore. Net inflows in income funds totaled to Rs 1791 crore in FY15 till December 2014 

Other Exchange Traded Funds (ETFs) has witnessed net inflow of Rs 128 crore in January as against net inflow of Rs 773 crore in December 2014. The total AUM of Other ETFs increased by Rs 354 crore or by 5.3% to Rs 7056 crore on sequential basis, and increased by Rs 5685 crore when compared with same month of the previous year.

The total AUM of Fund of Funds Investing Overseas decreased by Rs 168 crore or by 6.3% on sequential basis. Net outflows from this category totaled to Rs 739 crore in FY15 till January 2015. 

AUM of Gold ETF increased by 1.8% (by Rs 57 crore) to Rs 7245 crore after rising by 1.8% in December 2014. On YoY basis, assets of this category decreased by 19.5%. The category witnessed outflows for the 12th consecutive month to a tune of Rs 131 crore. Net outflows from Gold ETF totaled to Rs 1290 crore in FY15 till January 2015. 

AUM of Gilt Funds increased by 22.7% (by Rs 2050 crore) to Rs 11075 crore in January and the category reported net inflow of Rs 1813 crore in January 2015. Net inflows in gilt funds totaled to Rs 4215 crore in FY15 till January 2015, compared with net outflows of Rs 554 crore in the corresponding period of previous year. 

Assets of balanced funds increased by 5.3% (by Rs 1302 crore) in January to Rs 25792 crore when compared on sequential basis. Net inflows in this category totaled to Rs 7100 crore in FY15 till January 2015. 

Transactions by mutual funds in January 2015 

 Equity (Rs in crore) Debt (Rs in crore)
Transaction Date Gross Purchases Gross Sales Net Purchases / Sales Gross Purchases Gross Sales Net Purchases/ Sales
01-Jan-15 400.2 324.1 76.1 9360.6 3172.6 6188
02-Jan-15 1083.3 612 471.3 11078 3782.5 7295.5
05-Jan-15 577.5 580.6 -3.1 7787.9 6588.8 1199.1
06-Jan-15 1143.2 903 240.2 4757.4 5395.5 -638.1
07-Jan-15 882 875.6 6.4 3315.1 4381.9 -1066.8
08-Jan-15 1184.7 930 254.7 3310.2 4076.7 -766.5
09-Jan-15 1036.8 839.7 197.1 3414.8 3226.9 188
12-Jan-15 571.3 737 -165.6 5420.5 3933.1 1487.4
13-Jan-15 1059 878.3 180.7 5360.1 4549.1 811.1
14-Jan-15 804.3 736.8 67.5 4103.4 4499.3 -395.9
15-Jan-15 1234.1 826.3 407.7 5277.2 3133.4 2143.9
16-Jan-15 683 795.1 -112.1 6357.4 5194.7 1162.7
19-Jan-15 770.2 553 217.2 7328.8 4819.5 2509.3
20-Jan-15 784.7 821.5 -36.9 6376 4531.5 1844.5
21-Jan-15 908.5 1134.8 -226.4 5807.5 3977.9 1829.7
22-Jan-15 982.5 1089.7 -107.2 5403.4 3443 1960.4
23-Jan-15 789.1 881 -91.9 4225.3 2341.3 1884
27-Jan-15 771.2 889.9 -118.7 5159.7 2993.5 2166.2
28-Jan-15 801.6 1138.9 -337.2 4645.5 3344.7 1300.8
29-Jan-15 968.7 1618.1 -649.3 8057 5588.5 2468.5
30-Jan-15 1854.9 1245.9 609 7152.7 7600.1 -447.4
Total for January 19290.8 18411.3 879.5 123698.5 90574.5 33124.4

Category Net Flows (Rs. Cr)
Jan-15 Dec-14 FY2015 FY 2014
Income 12163 -1632 13954 19755
Infrastructure Debt Funds 0 0 188 375
Equity 5850 6057 55872 -6097
Balanced 835 1789 7100 -1583
Liquid / Money Market 85848 -50786 113808 151082
Gilt 1813 2090 4215 -554
ELSS - EQUITY 474 594 836 -1817
Gold ETF -131 -111 -1290 -1967
Other ETFs 128 773 875 -179
Fund of Funds Investing Overseas -102 -162 -739 618
Total 106878 -41388 194820 159631

Category Assets Under Management (AUM) * % Change
Jan-15 Dec-14 Change
Income 520234 502154 18080 3.6
Infrastructure Debt Funds 1160 1147 13 1.1
Equity 302205 283221 18984 6.7
Balanced 25792 24490 1302 5.3
Liquid 265358 178491 86867 48.7
Gilt 11075 9025 2050 22.7
ELSS - Equity 38731 36257 2474 6.8
Gold ETF 7245 7188 57 0.8
OTHER ETFs 7056 6702 354 5.3
Fund Of Funds Investing Overseas 2500 2668 -168 -6.3
TOTAL 1181356 1051343 130013 12.4
*Rs. Crore

Category Assets Under Management (AUM) * % Change
Jan-15 Jan-14 Change
Income 520234 431944 88290 20.4
Infrastructure Debt Funds 1160 375

Equity 302205 152206 149999 98.5
Balanced 25792 16047 9745 60.7
Liquid 265358 258980 6378 2.5
Gilt 11075 7393 3682 49.8
ELSS - Equity 38731 23215 15516 66.8
Gold ETF 7245 8996 -1751 -19.5
OTHER ETFs 7056 1371 5685 414.7
Fund Of Funds Investing Overseas 2500 2728 -228 -8.4
TOTAL 1181356 903255 278101 30.8
*Rs. Crore
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