Equity inflows crossed Rs.6,600 crore in September, lower than Rs.9,150 crore in August. This was the first time in this fiscal that monthly equity inflows witnessed a decline.
So far in this financial year, monthly equity inflows have witnessed a constant rise. In April, the monthly inflows stood above Rs.4600 crore, in May it was over Rs.5400 crore, Rs.7600 crore in June, Rs.8100 crore in July and Rs.9000 crore in August.
Among equity funds, the highest inflow was in multi cap funds. Inflows in this category stood at Rs. 1,674 crore, up from Rs 1,581 crore in August. Next in the list is large cap funds which witnessed inflows of Rs.1560 crore, lower than Rs.2583 crore in August.
However, SIP inflows and accounts continued to be encouraging. In September, SIP inflows stood at Rs 8,262.94 crore, higher than Rs 8,230 crore in August. The number of SIP accounts increased to 2.84 crore in September from 2.81 crore in August.
Commenting on these numbers, N S Venkatesh, CEO, AMFI said, “There is robust growth in new SIP account opening. SIP is here to stay and when the broader markets show performance we see SIP outperforming.”
“For equity funds, we see the growth is mirroring the markets. Going forward, if the equity markets start showing growth, we should see positive upward trend in mutual funds too,” he added.
Debt fund
On the debt front, most categories witnessed outflows. Liquid funds, which are often used by institutional investors to park money, witnessed significant outflows. N S Venkatesh said liquid funds have seen redemptions, as this is a usual phenomenon at every quarter end for advance tax.
Liquid funds witnessed outflows worth Rs 1.41 lakh crore in September, as against inflow of Rs.79,428 crore in August. Ultra short duration funds and money market funds followed the list as they witnessed outflows worth Rs.6,783 crore and Rs.6,278 crore respectively. Overnight funds witnessed outflows worth Rs.1,605 crore against Rs.500 crore in August.
Credit risk funds continued to witness outflows. In September, this category saw an outflow of Rs. 2,351 crore as against Rs.2,270 crore outflow in August.
Overall, industry recorded outflows of Rs.1.51 lakh crore in September. This was largely because of outflows of Rs.1.41 lakh crore in liquid fund category.
|
Scheme Name |
Net Inflow /Outflow Rs. Crs. |
Change (Rs. Crore) |
Change |
|
|
Aug 2019 |
Sep 2019 |
|||
|
Open ended Schemes |
||||
|
Income/Debt Oriented Schemes |
||||
|
Overnight Fund |
-503 |
-1,605.01 |
-1,102.05 |
-219% |
|
Liquid Fund |
79,428 |
-1,40,731.25 |
-2,20,159.45 |
-277% |
|
Ultra Short Duration Fund |
2,829 |
-6,783.41 |
-9,612.66 |
-340% |
|
Low Duration Fund |
794 |
-2,131.25 |
-2,925.37 |
-368% |
|
Money Market Fund |
3,765 |
-6,278.07 |
-10,042.95 |
-267% |
|
Short Duration Fund |
994 |
1,145.48 |
151.20 |
15% |
|
Medium Duration Fund |
-561 |
-723.48 |
-162 |
-29% |
|
Medium to Long Duration Fund |
-28 |
-96.65 |
-68 |
-241% |
|
Long Duration Fund |
11 |
-34.29 |
-45 |
-425% |
|
Dynamic Bond Fund |
-67 |
-225.83 |
-159 |
-236% |
|
Corporate Bond Fund |
3,578 |
565.10 |
3,013.17 |
84% |
|
Credit Risk Fund |
-2,270 |
-2,351.11 |
81 |
4% |
|
Banking and PSU Fund |
2,769 |
2,065.31 |
703.91 |
25% |
|
Gilt Fund |
307 |
301.14 |
-6.14 |
-2% |
|
Gilt Fund with 10 year constant duration |
40 |
3.08 |
-37.09 |
-92% |
|
Floater Fund |
40 |
-1,152.63 |
-1,192.34 |
-3003% |
|
Sub Total – I |
91,127 |
-1,58,032.85 |
-2,49,160.00 |
-273% |
|
Growth/Equity Oriented Schemes |
||||
|
Multi Cap Fund |
1,581 |
1,674.57 |
93.25 |
6% |
|
Large Cap Fund |
2,583 |
1,559.53 |
-1,023.45 |
-40% |
|
Large & Mid Cap Fund |
562 |
342.82 |
-219.51 |
-39% |
|
Mid Cap Fund |
1,068 |
1,276.66 |
208.85 |
20% |
|
Small Cap Fund |
1,307 |
895.75 |
-411.51 |
-31% |
|
Dividend Yield Fund |
-36 |
-13.11 |
-22.48 |
-63% |
|
Value Fund/Contra Fund |
250 |
46.44 |
-203.83 |
-81% |
|
Focused Fund |
795 |
400.53 |
-394.50 |
-50% |
|
Sectoral/Thematic Funds |
214 |
-148.14 |
-362.20 |
-169% |
|
ELSS |
827 |
573.96 |
-253.00 |
-31% |
|
Sub Total - II |
9,152 |
6,609.00 |
-2,543.43 |
-28% |
|
Hybrid Schemes |
||||
|
Conservative Hybrid Fund |
-219 |
-299.26 |
-80 |
-37% |
|
Balanced Hybrid Fund/Aggressive Hybrid Fund |
-879 |
-1,930.08 |
-1,051.00 |
-120% |
|
Dynamic Asset Allocation/Balanced Advantage |
857 |
110.70 |
-745.80 |
-87% |
|
Multi Asset Allocation |
93 |
36.46 |
-56.39 |
-61% |
|
Arbitrage Fund |
5,703 |
4,757.65 |
-945.29 |
-17% |
|
Equity Savings |
-607 |
-647.75 |
-41 |
-7% |
|
Sub Total - III |
4,947 |
2,027.71 |
-2,918.87 |
-59% |
|
Solution Oriented Schemes |
||||
|
Retirement Fund |
107 |
101.60 |
-5.41 |
-5% |
|
Childrens Fund |
37 |
38.66 |
1.85 |
5% |
|
Sub Total – IV |
144 |
140.26 |
-3.56 |
-2% |
|
Other Schemes |
||||
|
Index Funds |
346 |
348.32 |
2.42 |
1% |
|
Gold ETF |
145 |
44.11 |
-101.18 |
-70% |
|
Other ETFs |
-1,718 |
1,032.60 |
2,750.15 |
160% |
|
Fund of funds investing overseas |
42 |
96.26 |
54.27 |
129% |
|
Sub Total – V |
-1,184 |
1,521.28 |
2,705.66 |
228% |
|
Close Ended Schemes |
||||
|
Income/Debt Oriented Schemes |
||||
|
Fixed Term Plan |
-1,328 |
-3,019.78 |
-1,691.61 |
-127% |
|
Capital Protection Oriented Schemes |
-6 |
-571.98 |
-565.84 |
-9213% |
|
Infrastructure Debt Fund |
- |
- |
- |
|
|
Other Debt |
-161 |
-320.19 |
-159.28 |
-99% |
|
Sub Total |
-1,495 |
-3,911.96 |
-2,416.72 |
-162% |
|
Growth/Equity Oriented Schemes |
- |
|||
|
ELSS |
-10 |
-54.87 |
-45.14 |
-464% |
|
Others |
-53 |
-65.11 |
-12.45 |
-24% |
|
Sub Total |
-62 |
-119.98 |
-57.60 |
-92% |
|
Total B – Close ended Schemes |
-1,558 |
-4,031.94 |
-2,474.32 |
-159% |
|
Interval Schemes |
- |
|||
|
Income/Debt Oriented Schemes |
-89 |
-13.16 |
76.17 |
85% |
|
Growth/Equity Oriented Schemes |
- |
-10.46 |
-10.46 |
|
|
Other Schemes |
0 |
|||
|
Total C – Interval Schemes |
-89 |
-23.62 |
65 |
73% |
|
Grand Total (A + B + C) |
1,02,538 |
-1,51,790.16 |
-2,54,328.43 |
-248% |
|
Source: AMFI |
||||
