Facebook Pixel Code

MF AUM rises 18% in April; equity schemes continue to see outflows

Assets under management of the mutual fund industry rose 17.7% to R8.25 lakh crore in April from R7.01 lakh crore in the previous month, primarily led by robust inflows into liquid /money market schemes and income funds.

Assets under management of the mutual fund industry rose 17.7% to R8.25 lakh crore in April from R7.01 lakh crore in the previous month, primarily led by robust inflows into liquid /money market schemes and income funds. AUMs are now close to the all-time high of R8.26 lakh crore garnered in January 2013, according to Crisil Research.

However, equity MF schemes continue to face redemption pressures despite recent bouyancy in the markets. Data released by mutual fund industry body Amfi show that equity MFs saw modest outflows of R80 crore in April. This was in a month when the benchmark BSE Sensex rose more than 3.5%.

Equity MFs had seen an inflow of R514 crore in March, but that month was an outlier since equity MF schemes have seen inflows in only 14 months since the entry load was done away with in August 2009.

Gold exchange-traded funds (ETFs) posted a record fall of 8.7% or R1,019 crore in assets to R10,629 crore in April, led by mark-to-market losses as well as outflows from the category.

Gold prices represented by the Crisil Gold Index fell 8% in the latest month, led by a steep fall in the global price of gold.

The category reported outflows of R36 crore, the third consecutive month of outflows owing to a fall in demand for gold and gold-linked investments, according to Crisil Research.

Meanwhile, liquid/money market schemes saw inflows of R85,745 crore in April compared with outflows of R1.09 lakh crore in March.

Assets of liquid funds rose to R1.84 lakh crore due to a surge in inflows and mark-to-market gains, about 97% higher than assets of R93,392 crore in March. Income funds saw inflows of R20,159 crore that took their AUM to R4.22 lakh crore, the highest month-end assets for the category in 35 months.

Get live Share Market updates, Stock Market Quotes, and the latest India News and business news on Financial Express. Download the Financial Express App for the latest finance news.

First published on: 14-05-2013 at 03:19 IST
Market Data
Market Data
Today’s Most Popular Stories ×