Equity funds schemes continued to witness inflows for the second consecutive month in September, 2011 with no major redemptions witnessed despite poor equity market sentiments. However on an overall basis, Indian mutual fund industry saw outflows of over Rs. 54,173 crore, with most redemptions coming through liquid and income schemes.
According to AMFI (Association of Mutual Funds in India), Equity Fund schemes saw inflows of Rs. 1,401 crore in September as against an inflow of over Rs.2,000 crore witnessed in the previous August month.
The AAUM (Average Assets Under Management) for the industry stood at over Rs.6.41 lakh crore or 7.8% lower as compared to the month of August. In September, the benchmark equity indices were down by over 2%.
About Rs1,700 crore worth of money are coming into equity schemes every month through systematic investment plans (SIPs).
In September, Gold exchange traded funds (Gold ETFs) (Rs 988 crore), balanced schemes ( Rs. 99 crore), Equity- Linked Saving Schemes equity - ELSS (Rs.39 crore) and saw inflows.
In contrast, income schemes (R15,263 crore), liquid schemes (R41,078 crore), gilt schemes (R117 crore), other ETF (R186 crore) and fund of fund (FOF) schemes investing overseas (R56 crore) saw redemptions in September.
Keywords: Equity Funds | AMFI | Gold ETF
According to AMFI (Association of Mutual Funds in India), Equity Fund schemes saw inflows of Rs. 1,401 crore in September as against an inflow of over Rs.2,000 crore witnessed in the previous August month.
The AAUM (Average Assets Under Management) for the industry stood at over Rs.6.41 lakh crore or 7.8% lower as compared to the month of August. In September, the benchmark equity indices were down by over 2%.
About Rs1,700 crore worth of money are coming into equity schemes every month through systematic investment plans (SIPs).
In September, Gold exchange traded funds (Gold ETFs) (Rs 988 crore), balanced schemes ( Rs. 99 crore), Equity- Linked Saving Schemes equity - ELSS (Rs.39 crore) and saw inflows.
In contrast, income schemes (R15,263 crore), liquid schemes (R41,078 crore), gilt schemes (R117 crore), other ETF (R186 crore) and fund of fund (FOF) schemes investing overseas (R56 crore) saw redemptions in September.
Keywords: Equity Funds | AMFI | Gold ETF
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