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MF assets claw back to Rs 12 trillion mark: CRISIL

Indian mutual fund industry‘s assets under management rose 1.4% in May 2015 to reclaim the Rs 12 trillion mark and close at its record high as per the latest numbers declared by the AMFI.

June 08, 2015 / 02:55 PM IST

The Indian mutual fund industry’s assets under management (AUM) rose 1.4% in May 2015 to reclaim the Rs 12 trillion mark and close at its record high as per the latest numbers declared by the Association of Mutual Funds in India (AMFI). The increase was primarily propelled by inflows in equity and income funds. Outflows in liquid funds, though, capped further gains.

Equity funds scale new highs

Investors continued to pump money into equity funds despite volatility in the asset class in recent months. The category logged inflows for the 13th consecutive month in May, with Rs 100.76 billion flowing in. Cumulatively, the category has seen inflows of Rs 918.49 billion over the 13-month period. Equity funds’ AUM rose 5.8% or Rs 200.37 billion to a record high of Rs 3.65 trillion in May, buoyed by higher inflows and mark to market (MTM) gains. Although ridden with volatility, the market as represented by the CNX Nifty gained 3.1% in May, after the benchmark fell 3.7% and 4.6%, in April and March, respectively.

Balanced funds also ride positive wave

Mutual   fund categoryNet   inflow/ outflow (Rs billion)Month-end   AUM (Rs billion)
May-15Apr-152015 TotalMay-15Apr-15Difference
Income funds42.05-25.1047.795,221.785,146.2875.50
Infrastructure   debt funds0.002.302.3014.2914.180.11
Equity funds*100.76105.84413.053,651.663,451.29200.37
Balanced funds12.0211.8359.46287.49270.1517.34
Liquid / money   market funds-156.571,015.92677.572,538.992,667.22-128.23
Gilt funds8.751.6463.49156.52147.399.13
Gold ETFs-0.86-0.69-4.7166.8868.18-1.30
Other ETFs-3.34-5.795.9073.1774.04-0.87
Fund of funds   investing overseas-0.38-0.26-3.2724.6924.91-0.22
Total2.431,105.691,261.5812,035.4711,863.64171.83
* Includes ELSS
Source - AMFI