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Thursday, May 07, 2015

MF industry AUM touches Rs.11.86 lakh crore in April

Equity funds see healthy inflows of Rs.10,500 crore in April. 

The new financial year has begun on a good note for the MF industry.  Thanks to healthy inflows in equity and liquid funds, the mutual fund industry’s assets grew by 10% or Rs. 1.04 lakh crore from Rs.10.83 lakh crore in March to touch Rs.11.86 lakh crore in April 2015. The industry has received net inflows of Rs.1.11 lakh crore in April.

In February, the MF industry had touched an all-time high of Rs.12.02 lakh crore. 

Equity funds 

Equity funds received inflows of over Rs.10,500 crore in April. Investors poured in close to Rs.15,700 crore in equity funds (new launches and existing schemes) while redemptions stood at Rs. 4,850 crore, which resulted in net inflows of Rs. 10,500 crore. As a result, the total AAUM of equity funds (including ELSS) reached an all-time high at Rs.3.45 lakh crore in April.

While a large part of inflows (Rs.14,800 crore) came in existing funds, five new fund offers of close end equity schemes mopped up Rs. 617 crore.

Since the last financial year, equity funds have seen positive inflows each consecutive month. Last year, the MF industry received net inflows of over Rs.71,000 crore in equity funds. 

Debt funds 

With the expectations of a rate cut waning down, investors moved out from income and gilt funds. After witnessing consecutive inflows for the last couple of months, income funds saw net outflows of Rs.2,510 crore in April. Gilt funds, which saw renewed interest recently on expectations of a rate cut, witnessed net inflows of only Rs.164 crore. Last month, gilt funds saw net inflows of over Rs.1,450 crore.

Liquid funds saw net inflows of Rs.1.02 lakh crore in April. Typically, corporate investors pull out money in the last week every quarter and invest in the first two weeks of the subsequent month. 

ETFs 

Investors continued to shun gold ETFs due its lackluster performance. The category saw net outflows of Rs.69 crore in April. Investors shied away from buying gold even on the auspicious occasion of Akshaya Tritiya. Meanwhile, other ETFs, which track the equity indices, too witnessed outflows of Rs. 579 crore in April. 

Overseas fund of funds 

Overseas fund of funds saw net outflows of Rs.26 crore in April. Last month, overseas FOFs saw net outflows of Rs.83 crore. There are 31 international funds in the industry which collectively manage Rs. 2,500 crore. 

Net inflows/outflows in April

Category
Net inflow/outflow
 AUM
Equity
10406
306792
ELSS
178
38337
Balanced
1183
27015
Income
-2510
514628
Gilt
164
14739
Liquid
101592
266722
Gold ETF
-69
6818
Other ETF
-579
7404
FOFs investing overseas
-26
2491
Total including IDF
1,10,569
1186364

Source: AMFI
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