Equity schemes registered a net outflow of Rs 1288 crore (Rs 12.88 billion) as against net inflow of Rs 10,562 crore (Rs 105.62 billion) in May 2006, while debt schemes saw a net outflow of Rs 2110 crore (Rs 21.1 billion) as against net inflow of Rs 883 crore (Rs 8.83 billion) in the previous month.
| Net flows in June 2006 | |||
|
Schemes |
Sales |
Redemptions |
Net flow |
|
Income |
12,567 |
14,677 |
-2,110 |
|
Growth |
4,383 |
5,671 |
-1,288 |
|
Balanced |
159 |
215 |
-56 |
|
Money Market |
118,917 |
119,940 |
-1,023 |
|
Gilt |
62 |
277 |
-215 |
|
ELSS |
99 |
10 |
89 |
|
Total |
136,187 |
140,790 |
-4,603 |
Off the total sales of Rs 4383 crore (Rs 43.83 billion) registered by equity funds, Rs 1809 crore (Rs 18.09 billion) was contributed by the two equity NFOs - Standard Chartered Enterprise Equity Fund and UTI -Spread Fund, leaving the actual sales from existing schemes at Rs 2574 crore (Rs 25.74 billion).
|
MF Equity Sales (Rs crore) | |
|
New Funds |
1,809 |
|
Existing Funds |
2,574 |
|
Total sales |
4,383 |
|
|
|
|
MF Debt Sales (Rs crore) | |
|
New Funds |
5,612 |
|
Existing Funds |
6,955 |
|
Total sales |
12,567 |
Money market (liquid) schemes too came under the hammer as they witnessed a net outflow of Rs 1023 crore (Rs 10.23 billion) as against a net inflow of Rs 24,353 crore (Rs 243.53 billion) in May. ELSS (Equity Linked Saving Schemes) schemes with 3-year compulsory lock-in were the only ones to be spared from this short-term volatility that hit markets. ELSS category saw money flowing into its kitty with a net inflow of Rs 89 crore (Rs 890 million) though 44 per cent lower than the Rs 158 crore (Rs 1.58 billion) inflow witnessed in May.
| AUM (Rs in crore) | ||||
|
Category |
May-06 |
Jun-06 |
Diff. |
% diff. |
|
Income |
57,436 |
54,113 |
-3,323 |
-5.8% |
|
Growth |
93,748 |
87,196 |
-6,552 |
-7.0% |
|
Balanced |
7,279 |
6,961 |
-318 |
-4.4% |
|
Money Market |
108,854 |
108,776 |
-78 |
-0.1% |
|
Gilt |
2,788 |
2,566 |
-222 |
-8.0% |
|
ELSS |
6,238 |
5,922 |
-316 |
-5.1% |
|
Total |
276,343 |
265,534 |
-10,809 |
-4.1% |
In the debt category, off the total sales of Rs 12,567 crore (Rs 125.67 billion), Rs 5612 crore (Rs 56.12 billion) was collected from 22 close-ended debt NFOs, while Rs 6955 crore (Rs 69.55 billion) was collected from existing debt schemes in June.
Meanwhile, the assets under management, AUM, of equity schemes dipped further by 7 per cent to Rs 87,196 crore (Rs 871.96 billion) in June as against Rs 93,748 crore (Rs 937.48 billion) in May. AUM of ELSS plunged by 5.1 per cent to Rs 5,922 crore (Rs 59.22 billion) from Rs 6,238 crore (Rs 62.38 billion).
Total assets managed by the mutual fund industry plunged by Rs 10,809 crore (Rs 108.09 billion) or 4 per cent to Rs 265,534 crore (Rs 2655.34 billion) in June, as against Rs 276,343 crore (Rs 2763.43 billion) in May.
Birla, DSP ML, Pru ICICI, Reliance, and Kotak were among the fund houses that saw maximum asset erosion between Rs 1000 crore (Rs 10 billion) and Rs 2500 crore (Rs 25 billion).
While Standard Chartered riding on its NFO collection, LIC, HDFC, Tata, and HSBC were among the funds that witnessed a positive movement in their assets of about Rs 250 crore (Rs 2.5 billion) to Rs 1000 crore (Rs 10 billion).
Meanwhile, all the top five fund houses retained their respective positions in terms of their AUMs, with Prudential ICICI at the top, followed by UTI, Reliance, HDFC and Franklin Templeton MF.
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