October witnesses net inflows - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

October witnesses net inflows

Nov 21, 2000

A jittery stock market failed to dampen enthusiasm of growth fund investors. This category of mutual fund investors witnessed net inflows in October 2000. However, monthly figures for the domestic mutual fund industry released by the Association of Mutual Funds in India reveals a decline in net assets under management. Net assets under management for the industry have slumped by Rs 6.3 bn to Rs 968.4 bn by October 31, 2000 (Rs 974.6 bn on September 30, 2000).

But the silver lining came in the form of net inflows of Rs 14.1 bn. Even a slump in stock markets did not deter growth fund investors. Growth funds witnessed net inflows of Rs 4.2 bn (Rs 28.4 bn – Rs 24.3 bn). Investors seemed to have accumulated units on the decline in markets (and NAVs) rather than exit out of panic. This seems to underline the growing maturity of the Indian growth fund investor.

Another interesting fact is the gradual decline in Unit Trust of India’s (UTI) market share of the mutual fund industry. As on October 31, 2000 UTI’s market share stood at 64.8%, as against 66.2% as on September 30, 2000. Private sector funds have stolen a march over UTI by enhancing market share to 27.3% by October 31, 2000 (26.9% as on September 30, 2000).

Equitymaster requests your view! Post a comment on "October witnesses net inflows". Click here!


More Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

Why We Picked This Small-cap Stock for Our Hidden Treasure Subscribers (Profit Hunter)

Sep 17, 2020

This leading household brand will profit big time in a post covid world.

My Top Stock to Buy in this Market Selloff (Profit Hunter)

Sep 22, 2020

The recent correction offers a great opportunity to buy this high conviction smallcap stock.

What Do the Charts Say About Buying Smallcaps Now? (Fast Profits Daily)

Sep 18, 2020

Everyone seems to be excited about buying smallcaps now...but is it the right thing to do? What do the charts tell us? Find out in this video...

Can the Nifty Fall to 10,200? (Fast Profits Daily)

Sep 24, 2020

The Nifty has reached an important support level today. If it breaks then we could see further downside.


Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms