HOME > BUSINESS > Mutual Funds hold shares worth over Rs 3.4 lakh crore

Mutual Funds hold shares worth over Rs 3.4 lakh crore

The Indian mutual fund industry’s assets under management (AUM) rose 12% or by Rs 1.30 trillion in January 2015 to Rs 11.81 trillion, according to the monthly numbers released by the Association of Mutual Funds in India (AMFI).

The total shares held by mutual funds in pure equity funds were worth over Rs 34,00,00,00,00,000 (3.4 lakh crore).

The latest asset tally is the highest on record driven by inflows and mark-to-market (MTM) gains in liquid, income and equity fund categories.

crisil-amfi-data

Inflows to the tune of Rs 858 bn helped liquid funds become the biggest contributor to the industry AUM in the latest month. Cyclical inflows and MTM gains boosted liquid funds’ AUM by Rs 869 bn to Rs 2.65 trillion.

“Historical trend has shown that quarter-end outflows in the category are reversed at the start of the quarter as banks and corporates re-invest the surplus funds they had withdrawn to meet quarter-ended reserve requirements and payment towards advance tax outflows, respectively,” pointed out CRISIL, a ratings agency.

Income funds logged net inflows of Rs 122 bn on falling yield (rise in prices) aided by the surprise interest rate cut by the Reserve Bank of India (RBI); the central bank cut its key benchmark rate – repo – by 25 bps to 7.75% on January 15, 2015.

It also stated that once the monetary policy stance shifts, subsequent policy actions will be consistent with this stance subject to supportive data of falling inflation and fiscal consolidation, pointed out CRISIL. Inflows coupled with MTM gains helped the category assets gain 3.60% or Rs 181 bn to a record high AUM of Rs 5.20 trillion.

Gilt funds too benefitted from falling interest rates; the yield of the 10-year benchmark 8.40% 2024 bond fell to 7.69% on January 30, 2015 compared with 7.86% on December 31, 2014.The category attracted net inflows of Rs 18.13 bn – the fifth consecutive month of net inflows for the category. Inflows clubbed with MTM gains resulted in 23% or Rs 20.5 bn rise in assets to Rs 111 bn, the highest asset tally for the category on record.

Equity funds continued to attract net inflows (Rs 63.24 bn) for the ninth consecutive month in January on the backdrop of positive sentiment for the asset class. Inflows and MTM gains led the category up 6.72% or by Rs 215 bn to Rs 3.41 trillion in the latest month, the highest asset tally for the category on record. The underlying asset class, represented by the benchmark CNX Nifty Index, gained 6.35% in the month on positive domestic and international cues.

Balanced funds, which invest a major portion of their AUM in equity, also benefited from the ongoing uptrend in the equity market as the category fetched inflows for the eight straight month. Net inflows of Rs 8.35 bn coupled with MTM gains boosted the category’s assets by Rs 13.02 bn to Rs 258 bn. The category’s standard benchmark, represented by CRISIL Balanced Fund Index, rose 4.74% in the month, the agency said.

Assets of fund of funds investing overseas fell by 6.3% or Rs 1.68 bn to Rs 25 bn due to net outflows of Rs 1.02 bn (eight consecutive monthly outflow).

Follow ULTRA.news
India sees record-breaking Private Equity inflows in 2017 – Study The amount of money invested or committed by private equity firms in India reached an all time high in the first nine months of this year, said Venture Intelligence, a research firm tracking unlisted company financials, transactions and valuations.PE firms invested about $17...
Worth Rs 70,000 cr, Patanjali’s Acharya Balkrishna named to India’s richest Acharya Balkrishna of Patanjali | WikipediaAcharya Balkrishna of Patanjali has emerged as the latest addition to the list of the top ten richest people in India, which is still headed by Mukesh Ambani, chairman of Reliance Industries.Haridwar-based Acharya Balkrishna, ag...
Bajaj Finance offers 8.1% interest on FD to seniors, 7.85% to others Bajaj Finance said it will offer 8.10% on fixed deposits to senior citizens, making it among the highest interest rates offered on fixed deposits in the country. For others, it will be 7.85% per year.The non-banking finance company claims to have the highest credit ranking ...
Infosys included in Dow Jones Sustainability Index Infosys said it has been inducted into the Dow Jones Sustainability Indices (DJSI) and is now part of two of the indices -- DJSI World and DJSI Emerging Markets.The indices measure the economic, environmental and social performance of companies and are based on the companie...
Wipro announces details of its Rs 11,000 cr share buyback Wipro has announced details of its buy back of up to 343.8 mln shares or about 7.06% of its total equity base at a price of Rs 320 each for up to Rs 11,000 cr.The Buyback Size is 23.15% of the fully paid-up Equity Share capital and free reserves as per the audited standalone ...
SBI, Canara Bank lead in opening unorganized sector pension accounts State Bank of India has opened the largest number of accounts under India's universal pension scheme for the unorganized sector, the government said today.State Bank of India has opened 51,000 out of the total 3.07 lakh pension accounts opened by banks under the scheme, whic...
Modi’s reforms drag, power plants to face low loads, study India’s energy sector is facing low capacity utilisation in power generation as plant load factor is estimated to remain low at around 62 per cent until 2018-19, noted a recent ASSOCHAM-Crisil joint study.The study also expressed concern over the slow pace of reform implement...
Mahindra Finance to raise Rs 2,000 cr via debentures Non-banking financial services company Mahindra & Mahindra Financial Services said it plans to raise Rs 2,000 cr by issuing debt instruments to the public.The non-convertible debenture issue will open on July 10.The NCDs carry a rating of IND AAA from India Ratings and BW...
Crisil buys 8.9% in CARE Ratings from Canara Bank for Rs 435 cr Crisil, the Indian credit rating agency controlled by Standard & Poor's, said it acquired an 8.9% stake in competitor CARE Ratings Ltd.It said it purchased the stake from Canara Bank Ltd for Rs 435 cr, or Rs 1,659.79 per share. A total of 26.22 lakh shares were acquired."...
Are ‘truly free’ demat and trading accounts here in India with Finvasia? Finvasia, a technology-driven online broking start-up, announced that it has rolled out what it claimed was India's first 'truly' free online demat account for investing in stocks and derivatives, including futures.There have been many 'free demat account' providers in the p...
Glaucus questions stock price of Hong Kong-listed Fullshare Holdings Ltd Glaucus Research Group, a California-based short seller, said it was selling Hong Kong-listed developer Fullshare Holdings due to peculiar trading patterns seen in the stock's counter."Fullshare is supposedly a commercial and residential property developer, but this business ...
US Fed unlikely to reverse quantitative easing this year: HDFC Securities US Federal Reserve BuildingBroking and financial firm HDFC Securities Ltd said it does not expect the US Federal Reserve to start sucking out the liquidity that it has infused into the global financial market in the last nine years any time soon.The comments came in the ...
Administrative charges on employee provident fund cut to 0.65% from 0.85% After keeping the move on hold for three months due to the elections, the Employees' Provident Fund Organization has cut its administrative charges on the funds it manages to 0.65% from 0.85%, according to labor ministry sources.The cut in administrative charges -- which was ...
Vodafone merger values Idea at Rs 109.76 per share The merger deal between Idea Cellular and Vodafone India values equity shares of the Aditya Birla Group company at about Rs 109.76 at the time of completion of the merger, 2% below its present trading value.According to the terms of the contract, when the merger of Vodafone I...
Stock markets pricing in a BJP win in Uttar Pradesh – analyst Officials tally votes in a recent electionThe recent strength in India's key stock market indices indicates that market participants are pricing in a victory for the Bharatiya Janata Party in Uttar Pradesh, according to an stock market analyst.India's largest state has b...
Investors starting to understand Mukesh Ambani’s telecom game – Angel Broking Investors are only now starting to realize the plan that Mukesh Ambani and his telecom brainchild, Reliance Jio, have put into practice, and are therefore driving stock prices of his company higher, said Angel Broking, a retail-only stock-broker.Reliance Industries share pric...
Housing.com says demonetization to hit Real Estate sales: re-enters rentals Anticipating a slow down in home sales in the coming months in the wake of the crackdown on 'black money', housing.com will restart its rental classifieds business soon.The portal, which had seen an ugly spat between founder Rahul Yadav and investors two years ago, had sh...
Good time to buy Indian stocks – Morgan Stanley Global financial services major Morgan Stanley said India seemed poised for a five-year growth cycle for equities due to favorable macro-economic factors."India's macro stability remains in its best shape in several years and policy momentum is the best since 2007. Financial ...
India gold price jumps Rs 796 for 10 grams Expect the unexpected is the case what we see in gold price today.The country saw a sudden hike in the gold price today as Rs 30,820 for 10 grams from yesterdays price of Rs 30,024.The price for 10 grams has rose by 796 rupees from yesterday in India.UPDATE: As of 151...
Venture Factory invites managers to join them and start their entrepreneurial journey Venture Factory, a Bangalore based venture builder platform, said it has introduced a entrepreneurial program which is aimed at middle and senior management level executives who will work under the company's payroll to setup their entrepreneurial venture.The program, christen...