The corpus of the Exchange Traded Funds (comprising Gold, Equity and Liquid ETFs) rose by 2.75% during the month of November 2012 to Rs. 13,555 crore (Rs. 13,192 crore in October 2012) due to inflows into Gold ETFs coupled with appreciation in the values of equity and gold. The overall Mutual Fund Industry AUM as on November 30, 2012 stood at Rs. 7.93 lakh crore Vs. Rs. 7.68 lakh crore in the previous month.
The overall ETF category witnessed net inflows of Rs. 136 crore over the course of the month. The Gold ETF category saw net inflows of Rs. 270 crore while Other ETF category saw net outflows of Rs. 134 crore.
The total traded volume of ETFs category stood at Rs. 1,158 crore during the month of November 2012 (vs Rs.960 crore in October 2012). Gold ETFs witnessed volumes of of Rs. 616 crore while Other ETFs witnessed volumes of Rs. 542 crore.
In Other ETFs, 'Tracking Error' ranged from 0.02% to 1.27% (calculation based on daily returns for the last 1 year period). MoSt Midcap 100 ETF, GS Junior BeES and Kotak Nifty ETF have the least tracking errors while MoSt Shares NASDAQ-100 ETF, GS Hang Seng BeES and GS PSU Bank BeES have the highest tracking errors.
The key benchmark indices, Sensex and Nifty closed with a gain of 4.5% and 4.6% respectively during the month of November 2012. The rally was led by global liquidity and hopes of reform implementation. All sectoral indices ended on a positive note last month except Oil & Gas. Consumer Durable, Realty, Bankex, FMCG and Auto were the top five gainers, which rose by 15.8%, 12.8%, 7.8%, 6.2%, and 4.9% respectively. The loser was Oil & Gas, which fell by 1.2%.
The overall ETFs category is mainly classified as 'Gold ETFs' and 'Other ETFs'. The 'Other ETFs' is further sub-classified as Broader Equity Indices ETFs, Sector Equity Indices ETFs, Liquid ETFs and Thematic Equity Indices ETFs. Broader Equity Indices ETFs includes Sensex ETFs, Nifty ETFs, Capitalization ETFs and International ETFs. Sector Equity Indices ETFs includes Banking ETFs and PSU Banking ETFs. Thematic Equity Indices ETFs contains Infra ETFs and Shariah ETFs.