|
Category |
Rs in crore |
|
Nov-05 |
Oct-05 |
Change |
|
Income |
56196 |
54918 |
1278 |
|
Growth |
63937 |
57257 |
6680 |
|
Balanced |
6597 |
6153 |
444 |
|
Liquid |
70394 |
74984 |
-4590 |
|
Gilt |
3786 |
3795 |
-9 |
|
ELSS |
3609 |
3102 |
507 |
|
Total |
204519 |
200209 |
4310 |
|
Source: Association of Mutual Funds in India |
| |
| Domestic funds had posted a decline of Rs 1,460 crore in October (Rs 2,00,209 crore), compared to September (Rs 2,01,669 crore). However, as far as sales and redemptions were concerned, there was a net outflow of Rs 3,001 crore in November.
|
| |
| While total sales during the month amounted to Rs 77,702 crore, redemptions stood at Rs 80,703 crore. Sales in new schemes amounted to Rs 2,492 crore.
|
| |
| Despite the lull in October, mutual fund assets have grown manifold this fiscal. June was the only other month when asset growth had slowed down.
|
| |
| Total AUMs of mutual funds declined by Rs 3,432 crore in June. Though there was assets growth in November, compared to the other months, the growth rate is ordinary.
|
| |
| In FY06, mutual fund assets have grown in all other months, except October and June. The month of August witnessed the highest growth in absolute terms, when funds grew richer by Rs 19,866 crore.
|
| |
| While July witnessed an addition of Rs 11,372 crore, May saw Rs 9,556 crore, while for the month of September, it was Rs 5,885 crore, which were healthy growth figures.
|
| |
| Growth schemes saw the maximum rise in assets in November. Their total AUM amounted to Rs 63,937 crore, up Rs 6,680 crore from October. This category had witnessed a slowdown in inflows in October to the tune of Rs 2,562 crore.
|
| |
| The cumulative assets under income schemes grew Rs 1,278 crore, to Rs 56,196 crore during November, while balanced and ELLS schemes, registered net inflows of Rs 444 crore and Rs 507 crore, to Rs 6,597 crore and Rs 3,609 crore respectively. In comparison, liquid schemes saw a net outflow of Rs 4,590 crore.
|
| |
| The category AUM as of November stands at Rs 70,394 crore, the highest among all categories. In percentage terms, liquid scheme assets amounted to 34 per cent, followed by growth schemes at 31 per cent and income schemes at 27 per cent.
|
| |
| In terms of redemptions, liquid schemes saw the maximum redemption at Rs 64,836 crore, followed by gilt schemes, which witnessed a net outflow of Rs 15 crore.
|
| |
| Growth schemes posted the maximum net inflows of Rs 655 crore, while income posted net inflows of Rs 617 crore. ELSS schemes posted net inflows of Rs 197 crore.
|
| |
| Among individual fund houses, DSP Merrill Lynch, posted the highest rise in AUMs. The assets of the fund grew Rs 1,107 crore, to Rs 8,091 crore in November. This, represented a 15.85 per cent growth, the highest among fund houses last month.
|
| |
| Assets of Tata Mutual Fund grew by Rs 1,018 crore, to Rs 10,444 crore, while Prudential ICICI Mutual Fund, the largest private fund house in the country, saw its assets rise by Rs 596 crore, to Rs 21,022 crore.
|
| |
| HDFC Mutual Fund saw the biggest decline in assets. The AUM of the fund slid by Rs 513 crore, to Rs 18,088 crore at the end of November, while Sahara Mutual Fund suffered the biggest percentage fall in AUM, down 25.68 per cent, at Rs 495 crore. |
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