The mutual fund industry's month-end assets under management
(AUM) surged by nearly 16% or Rs 929 billion to Rs 6.8 trillion in April 2012
primarily on the back of inflows returning to money market funds post the
outflows seen in March. The month on month percentage gain in assets was the
highest in the last one year.
Liquid funds witnessed highest inflows in the last one year
Liquid
Funds saw inflows of Rs 757 billion, which constitutes 82% of the total
inflows, in the month. Historical trend shows that quarter-end outflows in the
category are reversed in the subsequent month (March witnessed outflows while
April saw inflows) as corporates re-invest their surplus funds that were
withdrawn to pay advance tax. Liquid funds thus saw assets rise to Rs.1.6
trillion in April as compared with Rs 803.5 billion in March.
Income funds saw inflows for the first time in last six
months
Income funds (including ultra short-term debt funds), which
saw outflows for the last five consecutive months witnessed inflows of Rs 179
billion (highest in the last one year) in the April. Income fund’s AUM rose by
6.5% or 189 billion to Rs 3.09 trillion in the month.
Gold ETFs assets crossed Rs 1 trillion mark
Assets managed under Gold
Exchange Traded Funds (ETFs) surpassed the Rs 1 trillion mark in the month.
The category’s AUM rose by over 3% or Rs 3 billion to Rs 1.02 trillion
primarily due to mark to market gains. Gold prices represented by the CRISIL
Gold Index rose 1% in the month due to high demand for yellow metal amid
ongoing marriage season and Akshya Tritya festival during the
month.
Equity funds’ assets fell on outflows and MTM losses
Equity
funds' AUM fell by 1.4% or Rs 25 billion to Rs 1.8 trillion on the backdrop
of outflows of over Rs 6 billion as well as due to market to market losses. The
equity market represented by the benchmark S&P CNX Nifty fell nearly 1% in
April, dragged down by weak global and domestic cues.
Source: http://www.moneycontrol.com/news/mf-news/aumby-16aprinflows-into-liquid-funds-crisil_704007.html
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