According to the
monthly numbers released by the Association of Mutual Funds in India (AMFI).
The asset base of
mutual fund industry rose by more than Rs. 6,300 crore to Rs. 10.12 lakh crore
in August, 2014 boosted by inflows in equity mutual funds.
The assets under
management stood at Rs,10.06 lakh crore in July, 2014. The equity - focused funds registered an
inflow of Rs. 5,217 crore in August. However, the fund flow has halved compared
with Rs.10,815 crore logged in July, 2014.
The BSE benchmark
index, Sensex moved up 3% in August, 2014.
However, the income
and liquid funds registered a net outflow of Rs.12,696 crore and Rs. 5,864
crore. Balanced funds and equity-linked saving schemes attracted inflows of Rs.
448 crore and Rs. 147 crore respectively, while exchange-traded funds (ETFs),
excluding gold, registered an inflow of Rs.51 crore.
The sharp outflow
from income and liquid funds eroded fresh fund inflows into the industry,
resulting in a total outflow of Rs. 13,035 crore. Gold ETFs registered an
outflow of Rs.112 crore to Rs. 7,661 crore in August.
The mutual fund
industry’s assets in equities increased to Rs. 2.34 lakh crore in August
compared with Rs. 2.21 lakh crore in July while that of liquid funds was up at
Rs. 2.45 lakh crore against Rs. 2.44 lakh crore in July.
However, income fund
assets dipped to Rs. 4.61 lakh crore (Rs. 4.71 lakh crore). Balanced fund
assets moved up to Rs.17,293 crore from Rs.16,217 crore in July.
Income funds topped
the list of contributors to the MF’s assets accounting for 46%, followed by
liquid and equity funds contributing 24% and 22%, respectively. Interestingly
these three categories of funds account for 92% of the total AUM.
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