Equity inflows crossed Rs. 8,000 crore mark in July 2019. For the fourth consecutive month in a row, the industry recorded an increase in equity inflows. Compared to June 2019, equity inflows increased by Rs. 646 crore last month.
Among equities, large cap funds saw the highest inflows followed by focussed funds and mid cap funds. The flows in the focussed fund and mid cap fund categories were largely due to the two NFOs (Mirae Asset Mid Cap Fund – Rs. 612 crore, Kotak Focused Equity Fund – Rs. 1159 crore).
On debt front, banking and PSU funds and corporate bond funds recorded strong inflows in July 2019. Meanwhile, credit funds continued to see outflows of Rs. 3,411 crore in July. Experts attribute this to investors moving towards safer investment options to reduce their credit risks. In addition, overnight funds too saw robust inflows of Rs. 6,021 crore as five fund houses launched their overnight fund NFO collecting Rs.1121 crore last month.
SIP trends too continue to be encouraging. SIP inflows touched an all-time high of Rs. 8,324 crore in July 2019, up from Rs. 8,122 crore in June 2019. The industry also added 5 lakh new SIP accounts in July. However, SIP AUM declined to Rs. 2.68 lakh crore in July from Rs. 2.81 lakh crore in June on account of mark-to-market loss.
Commenting on industry trends in July, N S Venkatesh, CEO, AMFI said, "Despite difficult month and volatile market conditions, the overall sentiment towards debt, equity and hybrid mutual fund schemes has been positive and equity SIP contributions are at an all-time high over last three years. This conveys signs of maturity on the part of retail investors and is reflective of continued investor trust in the Indian MF Industry."
Overall, industry recorded strong inflows of Rs. 87,088 crore in July. This was largely on account of Rs. 45,441 crore of inflows in liquid fund category as banks and institutional investors reinvested in these funds at the beginning of the quarter.
Mutual fund inflows
|
Scheme Name |
Net Inflow /Outflow Rs. Crs. |
Change (Rs. Crore) |
Change (%) |
|
|
Jun-19 |
Jul-19 |
|||
|
Open ended Schemes |
|
|
|
|
|
Income/Debt Oriented Schemes |
|
|
|
|
|
Overnight Fund |
-4063 |
6,021 |
10083 |
248% |
|
Liquid Fund |
-152432 |
45,441 |
197873 |
130% |
|
Ultra Short Duration Fund |
-1926 |
601 |
2527 |
131% |
|
Low Duration Fund |
-4689 |
-223 |
4466 |
95% |
|
Money Market Fund |
-3832 |
5,063 |
8895 |
232% |
|
Short Duration Fund |
-607 |
586 |
1194 |
196% |
|
Medium Duration Fund |
-1159 |
-937 |
222 |
19% |
|
Medium to Long Duration Fund |
-156 |
-60 |
96 |
61% |
|
Long Duration Fund |
22 |
59 |
36 |
163% |
|
Dynamic Bond Fund |
-786 |
-122 |
664 |
84% |
|
Corporate Bond Fund |
-131 |
2,573 |
2704 |
2061% |
|
Credit Risk Fund |
-2695 |
-3,411 |
-716 |
-27% |
|
Banking and PSU Fund |
799 |
5,914 |
5115 |
640% |
|
Gilt Fund |
197 |
-120 |
-316 |
-161% |
|
Gilt Fund with 10 year constant duration |
45 |
80 |
35 |
80% |
|
Floater Fund |
64 |
381 |
317 |
495% |
|
Sub Total – I |
-171349 |
61,846 |
233195 |
136% |
|
Growth/Equity Oriented Schemes |
|
|
|
|
|
Multi Cap Fund |
1835 |
327 |
-1509 |
-82% |
|
Large Cap Fund |
1510 |
1,915 |
405 |
27% |
|
Large & Mid Cap Fund |
489 |
697 |
208 |
42% |
|
Mid Cap Fund |
845 |
1,394 |
549 |
65% |
|
Small Cap Fund |
927 |
835 |
-92 |
-10% |
|
Dividend Yield Fund |
-11 |
-25 |
-14 |
-124% |
|
Value Fund/Contra Fund |
38 |
39 |
1 |
2% |
|
Focused Fund |
651 |
1,873 |
1222 |
188% |
|
Sectoral/Thematic Funds |
880 |
321 |
-559 |
-64% |
|
ELSS |
500 |
737 |
237 |
47% |
|
Sub Total - II |
7663 |
8,113 |
449 |
6% |
|
Hybrid Schemes |
|
|
|
|
|
Conservative Hybrid Fund |
-309 |
-284 |
25 |
8% |
|
Balanced Hybrid Fund/Aggressive Hybrid Fund |
-1910 |
674 |
2583 |
135% |
|
Dynamic Asset Allocation/Balanced Advantage |
476 |
1,324 |
848 |
178% |
|
Multi Asset Allocation |
-17 |
91 |
108 |
640% |
|
Arbitrage Fund |
3166 |
5,810 |
2644 |
84% |
|
Equity Savings |
-543 |
-221 |
322 |
59% |
|
Sub Total - III |
863 |
7,393 |
6531 |
757% |
|
Solution Oriented Schemes |
|
|
|
|
|
Retirement Fund |
105 |
122 |
17 |
16% |
|
Childrens Fund |
32 |
33 |
1 |
4% |
|
Sub Total – IV |
137 |
155 |
18 |
13% |
|
Other Schemes |
|
|
|
|
|
Index Funds |
191 |
224 |
33 |
17% |
|
Gold ETF |
-16 |
-18 |
-2 |
-11% |
|
Other ETFs |
5383 |
12,353 |
6971 |
130% |
|
Fund of funds investing overseas |
26 |
61 |
35 |
133% |
|
Sub Total – V |
5584 |
12,621 |
7037 |
126% |
|
Total A – Open ended Schemes |
-157102 |
90,127 |
247229 |
157% |
|
Close Ended Schemes |
|
|
|
|
|
Income/Debt Oriented Schemes |
|
|
|
|
|
Fixed Term Plan |
-2361 |
-1,764 |
598 |
25% |
|
Capital Protection Oriented Schemes |
-38 |
-48 |
-10 |
-27% |
|
Infrastructure Debt Fund |
0 |
- |
0 |
|
|
Other Debt |
0 |
-1,038 |
-1038 |
100% |
|
Sub Total |
-2399 |
-2,850 |
-451 |
-19% |
|
Growth/Equity Oriented Schemes |
|
|
|
|
|
ELSS |
-30 |
-16 |
14 |
46% |
|
Others |
-48 |
-4 |
43 |
91% |
|
Sub Total |
-78 |
-21 |
57 |
73% |
|
Other Schemes |
- |
|
|
|
|
Total B – Close ended Schemes |
-2477 |
-2,870 |
-393 |
-16% |
|
Interval Schemes |
|
|
|
|
|
Income/Debt Oriented Schemes |
-17 |
-90 |
-73 |
-423% |
|
Growth/Equity Oriented Schemes |
-218 |
-79 |
139 |
64% |
|
Other Schemes |
- |
|
|
|
|
Total C – Interval Schemes |
-235 |
-169 |
66 |
28% |
|
Grand Total (A + B + C) |
-159814 |
87,088 |
246902 |
154% |
|
Fund of Funds Scheme (Domestic) |
425 |
664 |
238 |
56% |
Source: AMFI
