Debt funds schemes bleed in June, see net outflows of Rs 92,247 cr; Overnight Fund, worst performer
Income or debt oriented mutual fund schemes witnessed net outflows of Rs 92,247.63 cr in June according to a data released by Association of Mutual Funds in India (AMFI)
Income or debt oriented mutual fund schemes witnessed net outflows of Rs 92,247.63 cr in June according to a data released by Association of Mutual Funds in India (AMFI). The worst performer was Overnight Fund category, with net outflows of Rs 20,668.07 cr. It was followed by Liquid Fund and Ultra Short Duration Fund which saw net outflows of Rs 15,782.64 and Rs 10,057.99 respectively.
Barring, Gilt Fund with 10 year constant duration and Long Duration Fund, the rout was seen in most categories, the AMFI data said. Net Inflows in the former stood at Rs 220.69 cr while in the latter it was at Rs 36.65 cr.
The net outflows of Rs 92,247.63 cr were seen in 312 schemes across 16 categories, the data said.
The other debt fund categories where significant outflows were seen included Low duration fund (-8,532.35 cr), Money Market Fund (-8,126.12) Floater Fund (-7,077.94 cr).
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Net Asset Under Management (AUM) as on 30 June stood at Rs 12,34,073.78 cr while the repurchase/redemption for the period stood at Rs 9,59,507.47 cr. Number of folios for the month gone by stood at Rs 72,69,631 cr.
The above data is related to the open ended mutual fund schemes.
As for the closed ended schemes, the net inflows for June stood at Rs 16,610.99 cr. The lion share was accounted by Fixed Term Plan schemes with net inflows of Rs 13,773.94 cr. It was followed by Infrastructure Debt Fund scheme with net inflows of Rs 2035 cr.
Meanwhile, Growth or Equity oriented schemes witnessed a steady inflow of Rs 15,497.76 cr during the month. Flexi Cap funds emerged as the clear winner in this segment with net inflows of Rs 2511.74 cr. It was followed by Large Cap Fund (2,511.74 cr) and Large & Mid Cap Fund (1,994.73 cr).
No new schemes were launched during the month.
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