The MF industry has witnessed net inflows across categories at the start of new financial year. Overall, the MF industry has witnessed net inflows of over Rs.92,906 crore led by huge inflows in debt schemes.
G Pradeepkumar, CEO, Union AMC said, “The net inflows into equity funds have continued in April which is very encouraging. Flows slowed down a bit compared to March largely because of the disruption caused by the second wave of the pandemic. However, the SIP numbers have remained robust and the addition of SIP folios also has been very healthy. We expect the flows to pick up pace once the pandemic is brought under control through increased levels of vaccination and other measures.
Let us look at the key numbers of April 2021:
Equity schemes
- Overall, equity schemes have witnessed net inflows of Rs.3,437 crore in April. However, net inflows have decreased from Rs.9,115 crore in March
- All equity funds except multi cap funds, ELSS, value funds and dividend yield fund have registered net inflows
- Sectoral funds have seen the highest net inflows of Rs.1,705 crore followed by mid cap funds with net inflow of Rs.958 crore and large and mid cap funds with net inflow of Rs.707 crore
- Number of folios in equity funds has risen by 7 lakh to 9.85 crore in April
Debt schemes
- Debt funds have witnessed net inflows of Rs.1 lakh crore in April after net outflows of Rs.52,528 crore in the last month
- Significant inflows in debt schemes were due to inflows in liquid funds of Rs.41,507 crore followed by money market funds with net inflows of Rs.20,286 crore
- Overnight funds, ultra-short duration funds, low duration funds, floater funds and gilt funds have also witnessed net inflows of Rs. 8,918 crore, Rs. 9,322 crore, Rs. 3,351 crore and Rs. 1,647 crore respectively
- On the other hand, the industry has witnessed net outflows in dynamic bond funds, corporate bond funds, credit risk funds, banking and PSU funds and gilt fund with 10-year constant duration
Hybrid schemes
- Inflows in hybrid funds have increased to Rs.8,641 crore in April from Rs.6,210 crore in March
- Inflows were led by arbitrage funds with net inflows of Rs.7,245 crore followed by dynamic asset allocation funds with net inflows of Rs.1,700 crore
- However, balanced hybrid funds and equity savings fund witnessed net outflows
SIP trend
- Gross monthly inflows through SIP came down to Rs.8,590 in April from Rs.9,182 crore in April
- SIP folios has grown to 3.79 crore in April from 3.72 crore in March
- Overall, SIP AUM has increased to Rs.4.34 lakh crore as compared to Rs.4.27 lakh crore in March
Broad trend
- Overall, the MF industry has witnessed net inflow of over Rs.92,906 crore
- The total industry AAUM has grown marginally to Rs.32.42 lakh crore in April from Rs.32.17 lakh crore in March largely due to inflows in debt schemes
