Mutual funds broke many records in the month of July. Net inflow in equity funds has reached its all-time high figure of Rs.22,584 crore in July. This is the highest net inflows for equity funds at least since the re-categorisation of schemes by SEBI.
Monthly SIP inflow of Rs.9,609 crore is also all-time-high for mutual funds. New SIP registrations too have registered a new peak of 23.79 lakh, according to the latest data released by AMFI.
“RBI's accommodative stance, healthier earnings growth, vaccination-driven steady containment of covid-19 pandemic and global and domestic liquidity is driving the equity markets to historic highs. Taking cue, retail investors too are participating in the equity rally, largely through mutual fund SIPs, on a continued rising quantum at record levels,” said AMFI CEO N S Venkatesh.
In July, NFO of ICICI Prudential MF's flexicap scheme collected Rs.9,800 crore, which is highest for an equity fund NFO.
Inflows in debt funds is high too. The category has collected Rs.73,694 crore in the previous month to take total debt AAUM to Rs 14.73 lakh crore.
Let us look at the key numbers of July 2021:
Equity schemes
- Overall, equity schemes has witnessed net inflows of Rs.22,583 crore, which is 4.5 times higher than the June inflow of Rs.5,988 crore. The July inflow is highest at least since scheme re-categorisation
- Apart from value funds (Rs.462 crore outflow) and ELSS (Rs.512 crore outflow), all other equity schemes have posted inflows
- Flexicap funds have recorded highest inflows at Rs.11,508 crore followed by sectoral funds (Rs.5,729 crore inflows) and smallcap funds (Rs.1,779 crore inflow)
- Closed-ended equity schemes have continued to post outflows largely due to maturity of a few schemes. The outflow in July was Rs.1,840 crore
Debt schemes
- Net inflow in open-ended debt funds was Rs.73,694 crore as against Rs.3,566 crore inflow in June and Rs.44,512 crore in May
- Liquid funds (Rs.31,740 crore inflow) and money market funds (Rs.20,910 crore inflow) were biggest contributors in total debt inflows
- Corporate bond funds and short duration funds have registered highest outflows at Rs.3,068 crore and Rs.1,734 crore, respectively
Hybrid schemes
- Inflows in hybrid schemes has gone up 58% to Rs.19,481 crore from Rs.12,361 crore in June
- Arbitrage fund was the biggest contributor for the second month in a row. The category received net inflows of Rs.14,924 crore in July
- Dynamic asset allocation funds have recorded second highest inflows in the category at Rs.2,453 crore
Overall trend
- Industry AAUM has gone up by over Rs.1 lakh crore to Rs.35.15 lakh crore in July. In June, the AAUM was Rs.34.10 lakh crore
- Total number of SIP accounts rose by 15 lakh to 4.17 crore, thanks to a record high 23.79 lakh new SIP registrations
- Gross inflows through SIP has risen to a record Rs.9,609 crore in July
- Fifteen NFOs were launched in July and they together mobilized Rs.17,332 crore
