Mutual fund AUMs reach new high of R16.5 lakh crore in Nov

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Mumbai | Published: December 9, 2016 6:10:22 AM

Assets under management (AUMs) of the domestic mutual fund industry stood at Rs 16.5 lakh crore in November, touching a new high. The surge in AUM was largely due to the inflows across equity, balanced and debt funds.

Assets under management (AUMs) of the domestic mutual fund industry stood at Rs 16.5 lakh crore in November, touching a new high. The surge in AUM was largely due to the inflows across equity, balanced and debt funds.

The latest data from the Association of Mutual Funds in India (Amfi) shows that AUM of the industry till November stood at R16.50 lakh crore, with income funds having total AUM of R4.84 lakh crore and assets of equity funds (which also includes equity linked saving schemes) standing at 4.68 lakh crore as on November.

Industry participants say though the markets were volatile in November, mutual funds received net flows into the equity schemes. “Many people were expecting that there would be outflows from equity funds, but retail investors have continued to invest irrespective of market condition which is very encouraging for the industry. There has been a trend that investors are not only putting their money into pure equity schemes, but even in the balanced funds,” said an MD of a top fund house.

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He also added that the inflow volume of systematic investment plans (SIPs) now stands at R3,500-R4,000 crore on a monthly basis.

The Amfi data also shows that new inflows into mutual fund in the month of November stood at R36,021 crore with most coming from income schemes at R18,306 crore. Equity funds continued to see net inflows of R8,068 crore in the month of November, 2016. In the current financial year, equity schemes have seen inflows of around R36,585 crore.

Apart from income schemes, even balanced funds also saw net inflows of R3,632 crore last month along with ELSS – equity schemes which also saw flows of R1,011 crore. On the other hand, fund of fund investing overseas and gold exchange traded funds (ETFs) fund saw outflows of R6 crore and R69 crore, respectively.

“In the last few months, the industry had received continuous money from arbitrage funds, but in the month if November money has also come into pure equity and balanced funds. We hope that, even if markets continue to remain volatile-net flows will come into equity funds as returns of many funds are very positive,”said marketing officer of the leading fund house.”

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