Retail investors continued to pump money into mutual funds in September, shows latest SIP data. In the previous month, SIP contribution rose to a new high and crossed Rs.10,000-crore landmark for the first time. The contribution stood at Rs.10,351 crore. New SIP registrations also scaled a new peak of 26.79 lakh.
However, the industry registered net outflow of Rs.47,257 crore in September due to high redemptions from debt funds. According to AMFI CEO NS Venkatesh, such redemptions are usual in September as it marks the end of the first half of a financial year, when corporates make advance tax payments.
Let us look at the key numbers of September 2021:
Equity schemes
- Inflows in open-ended equity schemes was similar to that seen in August at Rs.8,667 crore
- Except ELSS and smallcap funds, all major fund categories registered net inflows
- Multicap and thematic funds brought in highest inflows at Rs.3,569 crore and Rs.2,618 crore, respectively
- Rs.872 crore moved out of ELSS. Smallcap funds saw outflow of Rs.249 crore.
Debt schemes
- Debt funds witnessed Rs.63,910 crore outflow. Liquid funds alone saw net outflows of Rs.48,379 crore
- Low duration funds and ultra-short duration funds lost Rs.16,609 crore and Rs.10,909 crore, respectively
- Corporate bond funds and banking & PSU funds also registered net outflows
Hybrid schemes
- Net inflow in hybrid schemes declined to Rs.3,588 crore from Rs.18,706 crore in August
- Arbitrage funds registered net outflow of Rs.3,009 crore. Aggressive hybrid funds saw outflow of Rs.219 crore
- Balanced advantage funds saw net inflow of Rs.5,234 crore
Overall trend
- Industry AAUM went up by over Rs.1 lakh crore to Rs.37.4 lakh crore in September to hit a new all-time high. In August, the AAUM was Rs.36.09 lakh crore.
- 26.79 lakh new SIP accounts registered in September. This is the highest-ever registrations
- Total number of SIP accounts has risen to 4.48 crore from 4.32 crore in July
- Thirteen NFOs were launched in August and they together mobilized Rs.8,283 crore
