The mutual fund (MF) industry registered 14.07% increase in total asset under management (AUM) to Rs 7.59 lakh crore as on 31 January 2010 from Rs 6.65 lakh crore as on 31 December 2009. The huge inflow on account of income funds aided the increase in total asset during the month of January 2010.
Average Assets under management (AAUM) of MF fell by 4.14% for the second consecutive month to Rs 7.62 lakh crore in January 2010 compared with Rs 7.94 lakh crore in December 2009, according to the data released by the Association of Mutual Funds in India (AMFI). Banks staying away from investing into mutual funds has been the primary reason for erosion of the AAUM.
Association of Mutual Funds in India (AMFI) has released monthly data of the industry for January 2010. The industry has launched 7 new schemes, out of which, four schemes belong to income fund and three under equity funds category in month of January 2010. The new funds launched have mobilized around Rs 1947 crore during the month under review.
It was only income funds that witnessed a huge rise in total assets in January 2010 compared to fall in December 2009. The total assets of income funds registered the highest increase of 30.58% in January 2010. Apart from the income funds, gold ETF and other ETF'S also registered increase in their asset base by 5.40% and 22.41% respectively. While all the other funds such as - liquid funds, equity funds, balanced funds, gilt and ELSS funds registered dip in their asset base during the month under review.
The MF industry recorded the net inflow of Rs 97242 crore in January 2010 against the outflow of Rs 157204 crore in December 2009.
Equity Funds
The total asset of equity funds has declined by 3.76% to 1.68 lakh crore as on 31 January 2010 from 1.75 lakh crore as on 31 December 2009, as equity benchmark indices witnessed fall during the month under review. The Bombay Stock Exchange's Sensex and National Stock Exchange's Nifty fell by 6.34% and 6.13%, respectively, in January 2010.
The fall in asset base took the weightage of equity funds down to 22% in the total assets of the industry as against 26% in December 2009. However equity funds witnessed a net inflow of Rs 980 crore and total redemption of Rs 6857 crore in the month of January 2010.
Income Funds
The Income funds stood in limelight with highest inflow of Rs 1.06 lakh crore in January 2010 compared to outflow of Rs 1.05 crore in December 2009. At the same time the redemption also remained quite heavy at Rs 2.22 lakh crore in January 2010 compared to just Rs 6232 crore in December 2009.
However the total asset of income funds zoomed by 30.58% to 4.71 lakh crore in January 2010 compared to fall of 28.16% to 3.60 lakh crore December 2009. This translated into increase in income funds AUM weightage to 62% compared to 54% in December 2009.
Liquid Funds
Liquid funds also recorded highest outflow for the second consecutive month at Rs 10218 crore in January 2010 as against outflow of Rs 14267 crore in December 2009. Liquid funds also witnessed highest redemption of Rs 5.57 lakh crore as against outflow of Rs 5.53 lakh crore in December 2009. The total asset declined by 10.74% to Rs 71502 crore in January 2010 compared to 20.64% fall in December 2009.
Gilt Funds
AUM of gilt funds fell by 6.87% to Rs 3361 crore in January 2010 from Rs 3609 crore in December 2009. Gilt funds had net outflow of Rs 257 crore and redemption of Rs 454 crore for the month under review.
Other Funds
ELSS-Equity Funds witnessed net inflow of Rs 268 crore but declined by 3.33% in its total assets. Gold ETFs registered net inflow of Rs 112 crore and its total AUM increased by 5.40% to Rs 1425 crore in January 2010. The total AUM of other ETFs also increased by 22.41% in January 2010 while, the Fund of Funds and balanced funds recorded fall of 9.76% and 2.67% respectively in their assets.
Mutual Funds were net sellers of Rs 1311.30 crore in the equity market and net buyer of Rs 31333.50 crore in debt market in the month of January 2010.
Source: http://www.adityabirlamoney.com/Default.htm
Average Assets under management (AAUM) of MF fell by 4.14% for the second consecutive month to Rs 7.62 lakh crore in January 2010 compared with Rs 7.94 lakh crore in December 2009, according to the data released by the Association of Mutual Funds in India (AMFI). Banks staying away from investing into mutual funds has been the primary reason for erosion of the AAUM.
Association of Mutual Funds in India (AMFI) has released monthly data of the industry for January 2010. The industry has launched 7 new schemes, out of which, four schemes belong to income fund and three under equity funds category in month of January 2010. The new funds launched have mobilized around Rs 1947 crore during the month under review.
It was only income funds that witnessed a huge rise in total assets in January 2010 compared to fall in December 2009. The total assets of income funds registered the highest increase of 30.58% in January 2010. Apart from the income funds, gold ETF and other ETF'S also registered increase in their asset base by 5.40% and 22.41% respectively. While all the other funds such as - liquid funds, equity funds, balanced funds, gilt and ELSS funds registered dip in their asset base during the month under review.
The MF industry recorded the net inflow of Rs 97242 crore in January 2010 against the outflow of Rs 157204 crore in December 2009.
Equity Funds
The total asset of equity funds has declined by 3.76% to 1.68 lakh crore as on 31 January 2010 from 1.75 lakh crore as on 31 December 2009, as equity benchmark indices witnessed fall during the month under review. The Bombay Stock Exchange's Sensex and National Stock Exchange's Nifty fell by 6.34% and 6.13%, respectively, in January 2010.
The fall in asset base took the weightage of equity funds down to 22% in the total assets of the industry as against 26% in December 2009. However equity funds witnessed a net inflow of Rs 980 crore and total redemption of Rs 6857 crore in the month of January 2010.
Income Funds
The Income funds stood in limelight with highest inflow of Rs 1.06 lakh crore in January 2010 compared to outflow of Rs 1.05 crore in December 2009. At the same time the redemption also remained quite heavy at Rs 2.22 lakh crore in January 2010 compared to just Rs 6232 crore in December 2009.
However the total asset of income funds zoomed by 30.58% to 4.71 lakh crore in January 2010 compared to fall of 28.16% to 3.60 lakh crore December 2009. This translated into increase in income funds AUM weightage to 62% compared to 54% in December 2009.
Liquid Funds
Liquid funds also recorded highest outflow for the second consecutive month at Rs 10218 crore in January 2010 as against outflow of Rs 14267 crore in December 2009. Liquid funds also witnessed highest redemption of Rs 5.57 lakh crore as against outflow of Rs 5.53 lakh crore in December 2009. The total asset declined by 10.74% to Rs 71502 crore in January 2010 compared to 20.64% fall in December 2009.
Gilt Funds
AUM of gilt funds fell by 6.87% to Rs 3361 crore in January 2010 from Rs 3609 crore in December 2009. Gilt funds had net outflow of Rs 257 crore and redemption of Rs 454 crore for the month under review.
Other Funds
ELSS-Equity Funds witnessed net inflow of Rs 268 crore but declined by 3.33% in its total assets. Gold ETFs registered net inflow of Rs 112 crore and its total AUM increased by 5.40% to Rs 1425 crore in January 2010. The total AUM of other ETFs also increased by 22.41% in January 2010 while, the Fund of Funds and balanced funds recorded fall of 9.76% and 2.67% respectively in their assets.
Mutual Funds were net sellers of Rs 1311.30 crore in the equity market and net buyer of Rs 31333.50 crore in debt market in the month of January 2010.
Source: http://www.adityabirlamoney.com/Default.htm
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