Sector Inflow At Rs 6926 Crore In Apr-Oct

Mutual funds have mobilised Rs 75,324.82 crore during April-October 2001 and have ended the period with a net positive inflow of Rs 6,926.17 crore though the net inflow was a measly Rs 341.69 crore during the month itself.

Unit Trust of India (UTI) has only managed to increase its redemption level leaving the country's largest mutual fund with a net outflow of Rs 4,890 crore compared with Rs 3,927 crore outflow during the first six months of the year. During October nearly Rs 1,000 crore went out of the trust. UTI mobilised Rs 3451 crore during April to October, while Rs 8,341 crore were redeemed.

The trust's assets under management (AUM) were Rrs 50,026 crore, roughly half of the total assets in the sector.

Total AUM by MFs increased by three per cent to Rs 94,570 crore from Rs 91,810.56 crore at the end of September. Total redemptions by MFs stood at Rs 68399 crore during the seven month period of the current fiscal.

Private sector funds ended the tally as on October-end with a net positive inflow of Rs 10,576 crore with AUM of Rs 37,129 crore. Public sector funds' mobilisations were much more modest in comparison with a net inflow of Rs 1,240 crore, while assets under management were Rs 7,415 crore.