Securities and Exchange Board of India (Sebi) has released data on status of public and private sector mutual funds (MFs) for April- November 2009. The asset of the industry was on increased inflow into income funds, liquid funds. Also, surged equity markets contributed in this rise. BSE Sensex and S & P CNX Nifty gained 6.48% and 6.81%, respectively, in November 2009. But MFs witnessed a fall in assets of equity portfolio in November 2009. The average AUM of the industry advanced 5.91% to Rs 807546.39 crore for the month of November 2009 compared with Rs 762475.34 crore in October 2009.
MFs declined their net selling of equities worth Rs 2659.50 crore in April-November 2009-10 from net buying of Rs 7525.90 crore in April- November 2008-09. However, it had increased debt investments to Rs 144409.30 crore in April- November 2009-10 as compared with Rs 15609.90 crore in the previous year.
Fall in mobilisation
The MFs mobilisation of fund tumbled 19.78% to Rs 842509 crore in November 2009 from Rs 1050195 crore in October 2009.
Private sector MF collection declined 19.47% to Rs 660871 crore in November 2009 from Rs 820703 crore in October 2009. UTI MF collected Rs 61116 crore, and others public sector MFs mobilised Rs 120522 crore in November 2009. The public sector collectively mobilised Rs 181638 crore in November 2009 less than Rs 229492 crore in October 2009.
The repurchase amount of the industry was recorded at Rs 797384.98 crore in November 2009. The industry had an inflow of Rs 45124.37 crore in November 2009 less than Rs 141291.9 crore in October 2009.
While, the redemption amount of private sector MFs was decreased by 12.18% to Rs 626749.23 crore in November 2009 from Rs 713693.56 crore in October 2009. Net inflow of private sector declined 68.11% to Rs 34122.60 crore in November 2009 from a net inflow of Rs 107008.97 crore in October 2009.
UTI MF had witnessed repurchase amount of Rs 58836.39 crore, while other public sector MFs at Rs 111799.37 crore. The redemption amount of public sector MFs slipped 12.59% to Rs 170635.76 crore in November over Rs 1958209.56 crore in October 2009. The UTI fund house recorded net inflow of Rs 2279.61 crore and other public sector MFs had inflow of Rs 8722.59 crore in November 2009.Overall, net inflow of public sector plunged 67.91% to Rs 11002.2 crore in November 2009 from Rs 34282.93 crore in October 2009.
Public and Private sector MF in April- November 2009
The net asset of the industry rose to Rs 821659.44 crore in April-November 2009. Net assets of Fund of Funds schemes were recorded at Rs 1008.33 crore in April- November 2009.
Net asset size of private sector mutual funds was Rs 642,608.81 crore, a share of 78.21% in the total net asset size of the industry in April-November 2009.
Public sector mutual funds contributed about 21.79% to total net assets of the MF industry in April- November 2009. Net assets of the public sector mutual funds were at Rs 179,050.63 crore in April- November 2009. Net asset size of UTI MF was worth Rs 80,454.81 crore, contributing 9.79% to total mutual fund assets in April- November 2009. Other public sector MFs contributed 12.00% with assets of Rs 98,595.82 crore during the same period.
The fund mobilisation recorded at Rs 6,632,840.93 crore in April- November 2009. Private sector MF collection has been registered at Rs 5,136,949.26 crore in April- November 2009.
UTI MF collected Rs 571,724.16 crore, and others public sector MFs mobilized Rs 924,167.50 crore in April- November 2009. The public sector collectively gathered Rs 1,495,891.66 crore in April- November 2009.
The repurchase amount of the industry was recorded at Rs 6,333,997.58 crore in April- November 2009. The industry had an inflow of Rs 298,843.35 crore in April- November 2009.
The redemption amount of private sector MFs was recorded at Rs 4,911,953.91 crore in April- November 2009. Net inflow in private sector MF stood at Rs 224,995.35 crore in April- November 2009.
UTI MF had witnessed repurchase amount of Rs 540,684.53 crore, while other public sector MFs posted redemption amount at Rs 881,359.14 crore. The UTI fund house recorded an inflow of Rs 31,039.63 crore and other public sector MFs had inflow of Rs 42,808.36 crore in April- November 2009. Overall public sector MFs had net inflow of Rs 73,847.99 crore in April- November 2009.
Status of Mutual Funds for the period April - November 2009
| Private Sector Mutual Funds | Public Sector Mutual Funds | Grand Total | |||
| (A) | UTI | Others | Sub-total (B) | A+B | |
| Mobilisation of funds | 5136949.26 | 571724.16 | 924167.5 | 1495891.66 | 6632840.93 |
| Repurchase / redemption amount. | 4911953.91 | 540684.53 | 881359.14 | 1422043.67 | 6333997.58 |
| Net inflow/ outflow (-ve) of funds | 224995.35 | 31039.63 | 42808.36 | 73847.99 | 298843.35 |
| Cumulative position of net assets as on 30 November 2009 | 642608.81 | 80454.81 | 98595.82 | 179050.63 | 821659.44 |
| Figures in Rs. crore Source: www.sebi.gov.in | |||||
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