MF November assets under management highest since April 2010

13 Dec 2012

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The mutual fund industry's month-end assets under management (AUM) rose by 3.25 per cent (Rs250 billionn) to Rs 7.93 trillion in November, the highest month-end assets for the industry since April 2010. The rise in the AUM was primarily due to inflows into money market funds. The numbers are part of the monthly release by the Association of Mutual Funds in India (AMFI).

Most inflows seen in liquid funds
Money market / liquid funds saw net inflows worth Rs114 bn, garnering over 91 per cent of the total inflows (of Rs126 billionn) seen by the industry in the month. The inflows were, however, lower compared to Rs182 bn in the previous month.

Inflows in the category are part of the cyclical money flow in the category as corporates invest their short-term investments in this category during the quarter before withdrawing a major chunk at the end of the quarter to meet their advance tax requirements.

AuM of equity funds rose 3.5 peer cent despite registering outflows

Asstes under management for equity funds rose by 3.5 per cent (Rs65 billion) to Rs1.90 trillion despite witnessing outflows for the sixth consecutive month.

The rise in the assets for the category was due to mark-to-market gains from the underlying markets. The S&P CNX Nifty rose by 4.6 per cent in November due to positive developments in the domestic and international markets.

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