Retail participation in the mutual fund industry has continued to surge in August, shows the latest data released by AMFI.
While monthly SIP contribution has risen to an all-time high of Rs 9,923 crore, new SIP registrations reached 25 lakh mark, the highest ever number.
"Retail AUM at Rs 17.15 lakh crore (which is almost half of total Industry AUM), SIP AUM at record high of Rs 5.26 lakh crores (which now forms a third of retail AUM), healthy rise in SIP accounts at record 4.32 crore and monthly SIP contribution at an all-time high at Rs 9,923 crore are reflective of established and rising retail preference towards mutual funds as a long-term wealth creation avenue," said AMFI CEO NS Venkatesh.
Equity funds have seen net inflows of Rs.8,667 crore in August driven mostly by flexicap and focused funds. Largecap and smallcap funds have seen outflows for the first time in six months as investors resorted to profit booking amid a record rally in equity markets, according to the AMFI CEO.
In addition, net inflows in debt funds has also declined in August, shows the data. The numbers have declined to Rs.1,734 crore as against Rs.73,694 crore in the previous month.
Let us look at the key numbers of August 2021:
Equity schemes
- Overall, open-ended equity schemes have witnessed net inflows of Rs.8,667 crore, which is lower than the July inflow of Rs.22,583 crore
- Largecap, multicap and smallcap funds have recorded net outflows after several months.
- Value funds and ELSS have also seen outflows of Rs.613 crore and Rs.779 crore, respectively
- Flexicap funds have seen the highest inflows among equity-oriented schemes at Rs.4,741 crore. NFOs contributed Rs.3,479 crore to the figure
- Focused funds (Rs.3,073 crore inflow) and sectoral funds (Rs.1,885 crore inflows) followed flexicap funds in receiving highest net inflows
Debt schemes
- Net inflows in open-ended debt funds have plummeted to Rs.1,074 crore from Rs.73,694 crore in July
- Overnight funds and low duration funds have registered highest outflows at Rs.11,808 crore and Rs.7,408 crore, respectively
- Floater funds (Rs.9,991 crore inflow) and corporate bond funds (Rs.3,065 crore inflow) have recorded highest net inflows
Hybrid schemes
- Net inflow in hybrid schemes (Rs 18,706 crore) was lower than that recorded in July (Rs. 19,481 crore) despite SBI BAF NFO that brought in Rs 14,551 crore
- Net inflows in arbitrage funds have declined to Rs 1,793 crore from Rs 14,924 crore in July
Overall trend
- Industry AAUM has gone up by around Rs.1 lakh crore to Rs.36.09 lakh crore in August to hit a new all-time high. In July, the AAUM was Rs.35.15 lakh crore.
- 78 lakh retail folios added in the first five months of FY22 versus 80 lakh folios in whole of FY21
- 24.92 lakh new SIP accounts registered in August. This is the highest-ever registrations
- Total number of SIP accounts has risen to 4.32 crore from 4.17 crore in July. SIP AUM has gone up to Rs 5.26 lakh crore from Rs 5.03 lakh crore in the previous month
- Fifteen NFOs were launched in August and they together mobilized Rs.23,668 crore
