Indian Mutual Fund industry continued it’s All time High record journey for 5 months in a row to reach Rs.16.50 Lk Crs.
Net fund flows:
According to the data obtained from AMFI / SEBI, Nov 2016 ended up with a net inflow of Rs.36,021 crs.
Equity funds saw a net inflow of Rs.8,068 crs, 2nd Best since Aug’15, but marginally down from previous month.
ELSS funds witnessed an inflow of Rs.1,011 crs, 2nd best since Mar’15. This is also the first time, ELSS is witnessing an inflow excess of Rs.1,000 crs in a month, other than March of a year.
Balanced funds poured in Rs.3,632 crs, highest in this calendar year till date.
Other ETFs had a steamy inflow of Rs.2,830 crs, highest figure of this category since Mar’14.
Equity inflows were a healthy sign considering the events that unfolded in Nov 2016, with domestic Demonetization, Trump surprise victory, crash in Indian benchmark yields, heavy selling by FIIs, Rupee deprecation vis-à-vis US Dollar, RBI CRR surprise, etc.
Indian Markets were down by -4.57% in Nov’16 and it was the 10th worst performing market out of 63 widely tracked nations by our data research.
Income funds saw a higher net inflow for the month at Rs.18,306 crs.
Gilt funds attracted inflows worth Rs.899 crs, 2nd highest since Sep’15.
Liquid funds settled with an inflow of Rs.1,350 crs.
Gold ETFs and Overseas fund of funds witnessed outflows during the month.
Year till date, April to Nov 2016, received a net inflow of 3,02,919 crs, that is 1.64 times the figure of last year same period.
Income funds lead the pack with an inflow of Rs.1,70,610 crs and Liquid funds Rs.65,262 crs.
Equity funds saw an inflow of Rs.36,585 crs followed by Balanced funds at Rs.18,845 crs.
ELSS attracted an inflow of Rs.4,121 crs.
Other ETFs netted an inflow of Rs.8,428 crs.
As compared to the same period last FY, Income funds saw its inflow go up by a handsome 4.21 times,
Other ETFs by 2.37 times,
ELSS by 1.74 times,
Balanced fund by 1.41 times,
Liquid funds by 1.12 times.
Fund of Fund investing overseas, Gold ETFs and Gilt Funds saw net outflows of -Rs.293 crs, -Rs.588 crs and -Rs.51 crs respectively.
AUM snapshot:
Equity Funds AUM was valued at Rs.4,18,363 crs in Nov 2016, posting a growth of 15.55% from Nov-2015.
ELSS registered a AUM mark of Rs.50,305 crs, with a growth of 23.90% yoy.
Balanced fund saw its AUM crossing 62k cr mark for the first time, scaling the figure of Rs.62,907 crs, growing 63.15% yoy.
The combined assets of Equity + ELSS + Balanced funds had reached an AUM of Rs.5,31,575 crs marginally down from Oct’16 majorly due to revaluation or MTM loss.
Other ETFs also had risen to reach its highest AUM of Rs.25,211 crs, up by 125% yoy. According to the news reports, EPFO had decided to hike the equity allocation to 10% from present 5% on their incremental investments / flows.
Income funds had registered its highest AUM mark at Rs.7,84,305 crs, with a year on year growth of 35.43%. Liquid funds AUM was at Rs.2,81,011 crs growing 19% yearly. Gilt funds AUM grew 5% to Rs.18,574 crs. Debt segment AUM saw huge MTM gains due to an unprecedented rally in the prices.
Overall the MF AUM grew by 27.40% yoy.
Going by the industry numbers, Reliance Mutual Fund logged the highest sum in terms of accretion to its AUM during the third quarter at Rs.12,717 crore followed by ICICI Prudential with Rs 12,003 crore.