The S&P BSE Sensex dropped 4% from 19346 to 18,620 points in August.
Equity mutual funds saw net inflows of Rs 467 crore in August, thanks to lower redemptions as the S&P BSE Sensex dipped 4% during the same period. Gross redemptions from equity funds were lower at Rs 2193 crore in August compared to Rs 4463 crore in July, shows the latest AMFI data.
“Equity funds have seen net inflows because the gross redemptions were low in August as the market has corrected. We can see some redemption in September as the market has moved up again.Some smart money has moved to gilt funds. Investors have booked profits in Gold ETFs,” said Vinod Jain, Principal Advisor, Jain Investment. Gold ETFs saw net outflow of Rs 588 crore while gilt funds received net inflows of Rs 908 crore.
Against a net outflow of Rs 45296 crore in July, liquid funds saw net inflows of Rs 32123 crore in August.
Among the new fund offers, ICICI Prudential CNX 100 ETF collected Rs 10 crore.Income schemes launched in August garnered Rs 19,383 crore.
International funds have been receiving net inflows since June as the rupee’s depreciation against dollar has benefitted these funds. According to Value Research, these funds have delivered 21% absolute return in one year. JP Morgan US Value Equity Offshore Fund launched in August mopped up Rs 106 crore while the existing funds in this category collected Rs 90 crore. Recently, ICICI Prudential AMC has launched its ICICI Prudential Global Stable Equity Fund.
The industry’s AUM went up marginally from Rs 7.60 lakh crore in July to Rs 7.66 lakh crore in August.
|
Category |
Net inflow/outflow in August |
Net inflow/outflow in July |
|
Income |
-9274 |
-2,657 |
|
Equity |
467 |
-1,652 |
|
Balanced |
-17 |
-163 |
|
Liquid |
32123 |
-45296 |
|
Gilt |
908 |
96 |
|
ELSS |
-9 |
-175 |
|
Gold ETFs |
-588 |
-107 |
|
Other ETFs |
-7 |
-142 |
|
Fund of Funds investing overseas |
110 |
29 |
|
Total |
23713 |
-50,067 |
|
Source : AMFI |
||
