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MUTUAL FUND
MUTUAL FUND
NEWS
MF assets scale new Mutual Funds flow in Rs 1.62 lakh crore in April-
December FY'16
high, 21% in December
Investors have pumped in a whopping continue to pour money into equity
quarter Rs 1.62 lakh crore into various mutual funds, he added.
fund schemes in the first 9 months of
The mutual fund industry saw its as- the current fiscal, mainly in equity and As per the latest data available with
sets hit a record money market categories. the Securities and Ex-
at the end of De- change Board of India, in-
cember, an aver- In contrast, inflows worth vestors put in a net Rs
age AUM grow Rs 87,942 crore were wit- 1,61,696 crore in mutual
21 per cent in nessed in the April-Decem- fund schemes during April-
ber period of last fiscal. November period of 2015-
2015 over the previous year, capping
a surge in equity and debt funds, Crisil "Inflow has been across asset classes, 16. Investors have put in most of the
said in a statement. but investors' participation in equity money in equity and 'liquid' or money
oriented funds is a positive thing for the market category.
The assets swelled 1.8 per cent in the industry," Quantum AMC CEO Jimmy
three months ended December to Rs Patel said. The robust inflow has helped mutual
13.39 lakh crore, the ninth straight funds asset base to reach Rs 13.41 lakh
quarter of gains. The average, how- Further, volatile markets have not crore at the end of December 2015
ever, was a tad less than the 26 per dampened the spirits of investors who from Rs 11.88 lakh crore in March-end.
cent on-year rise in 2014.
New KYC norms authenticates ownership base of
"Quarterly average assets under
management or AUM rose 1.8 per mutual funds
cent to Rs 13.39 lakh crore a record
tally since the Association of Mutual The advent of new KYC (Know Your thus giving what is a highly accurate
Funds in India started announcing Customer) norms have given exposure count of the actual number of inves-
the data in September 2010," Crisil to authentic data about exactly how tors.
said. widespread mutual fund ownership in
India is and the numbers are remark- The data show that in the first eight
Equity mutual funds continued to at- ably encouraging. For years, it'd been months of the current financial year,
tract investors despite the negative generally hard to figure out exactly 35 lakh new PAN numbers were added
undertone in the equity market. Ro- how widespread was the use of mutual to the count of mutual fund investors.
bust inflows (net purchases) of Rs funds in India. Moreover, the total number of PAN
1.08 lakh crore (over January- No- numbers under which investments
vember 2015) boosted the average The KYC process ensures that investor have been made have reached 1.7
AUM. data is deduplicated by PAN numbers, crore.
18 | 2016 | FEBRUARY | BANKING FINANCE
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