Total Assets Under Management (AUM) of the mutual fund (MF) industry that climbed up 8.2% in July 2011, dipped by 4.3% (by Rs 31,449 crore) to Rs 6.96 lakh crore in August 2011. Liquid and Income Funds that faced huge inflow of funds during the month of July, witnessed net outflows to a tune of Rs 6925 crore and Rs 10066 crore respectively in August 2011. AUM of Other ETFs fell by 13.8%, Equity Linked Savings Scheme (ELSS) by 7.9% and Equity Funds by 6.9% among others.
There was a net inflow of Rs 1942 crore into Equity Funds, Rs 494 crore into Gold ETF and Rs 210 crore into Balanced Funds. The net outflow from the industry stood at Rs 14,597 crore in August 2011 as against Rs 51,010 crore net inflows during the month of July 2011.
Net inflows into the industry for the Year to Date (YTD) 2012 period stood at Rs 1.09 lakh crore which is higher than net inflows of Rs 71386 crore in the corresponding previous year.
Funds mobilized from 45 newly launched schemes in August 2011 stood at Rs 5,496 crore, out of which Rs 5,490 crore came from 44 close ended income funds. Edelweiss Select Midcap Fund (an open ended equity fund) mobilized Rs 6 crore.
| Net Inflow / Outflow in Different Fund Categories in August 2011 |
| Category | Net Flows (Rs. Cr) |
| Income | -6925 |
| Equity | 1942 |
| Balanced | 210 |
| Liquid / Money Market | -10066 |
| Gilt | -86 |
| ELSS - EQUITY | 44 |
| Gold ETF | 494 |
| Other ETFs | -147 |
| Fund of Funds Investing Overseas | -63 |
| Total | -14597 |
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