Equity inflows dip further in January 2019

By Morningstar |  08-02-19 | 

The latest Association of Mutual Funds in India (AMFI) data shows that equity fund collections fell to Rs 4,914 crore crore (excluding ELSS and balanced funds) in January 2019 as compared to Rs 5,765 crore in December 2018.

The assets under management in equity funds dipped from Rs 6.98 lakh crore in December 2018 to Rs 6.87 lakh crore in January 2019 on account of higher redemptions. Gross redemptions from pure equity funds stood at Rs 10,806 crore in January 2019.  The BSE Sensex was up 0.52% in January 2019.  The YTD category average performance of equity funds shows that technology funds (9.33%), gold funds (4.24%) and global funds (10.83%) have delivered positive returns.

Inflows in equity linked saving schemes increased slightly to Rs 1,244 crore in January as investors rushed to save tax. Balanced funds continued to lose sheen as the category saw net outflows of Rs 952 crore in January 2019. As a result, the AUM in balanced funds slipped from Rs 1.79 lakh crore in December 2018 to Rs 1.75 lakh crore in January 2019.

Overall, the industry received net inflows of Rs 65,439 crore in January, largely on account of Rs 58,637 crore net inflows in liquid funds. The total AUM of the industry increased by 2% from Rs 22.85 lakh crore in December 2018 to Rs 23.37 lakh crore in January 2019.

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