During 1998-99 the mutual funds on gross basis
mobilised Rs 22710.73 crore without adjustment of repurchase / redemption
as against Rs 15171 crore in 1997-98. However, it is important to note
that in case of open-ended schemes, there is a continuous sale and repurchase
of units by mutual funds. Also, there may be redemption of some of the
schemes. Consequently, resources mobilised by the mutual funds would be
lower than the gross funds to the extent of redemption and repurchases.
As such, after adjustment of repurchases and redemptions, there was an
outflow of funds of Rs 949.67 crore during 1998-99. Further analysis of
data shows that while there was a net inflow of funds of Rs 1452.70 crore
and Rs 335.16 crore in case of private sector and public sector mutual
funds, there was a net outflow of Rs 2737.53 crore in case of the UTI -
the largest mutual fund. Details are given in the following table.
|
|
|
|
Grand
Total |
|||||||||
| Open
end |
Close
end |
Total | Open
end |
Close
end |
Total | Open
end |
Close
end |
Total | ||||
| Mobilization of Funds |
7769.59
|
76.91
|
7846.50
|
364.15
|
1307.19
|
1671.34
|
6820.23
|
6372.66
|
13192.89
|
22710.73
|
||
| Repur-chase Amount |
1101.93
|
36.73
|
1138.66
|
291.85
|
404.16
|
696.01
|
9773.41
|
546.26
|
10319.67
|
|
||
| Redemption Amount |
5180.98
|
74.16
|
5255.14
|
0.27
|
639.90
|
640.17
|
0.00
|
5610.75
|
5610.75
|
11506.06
|
||
| Net In/ Outflow of funds |
1486.77
|
-33.98
|
1452.70
|
72.03
|
263.13
|
335.16
|
-2953.18
|
215.65
|
-2737.53
|
-949.67
|
||