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The second quarter of current financial year ended on a positive note for the MF industry. While the industry witnessed all time high inflow of Rs.13000 crore through SIPs, equity funds saw net inflows of Rs.14,100 crore.
Also, the AUM of the Indian mutual fund industry reached close to Rs.40 lakh crore milestone.
NS Venkatesh, CEO, AMFI said, “SIP numbers look healthy with the highest ever contribution at Rs. 12,976 crore a month. We are hopeful that we will touch Rs.13,000 crore per month mark in contribution in the coming months.”
He further said, "In the last few months, markets have reacted to inflationary factors and events like rate hikes. However, small investors have shown consistent faith in mutual fund investments. They see SIP as a vehicle for wealth accumulation and wealth creation over the long term. Investors must stay focused on their goals and continue to invest in Mutual funds and not lose the opportunity.”
Here are the key highlights of the month gone by:
Funds Flow
Equity funds
The MF industry received inflows of over Rs.14,000 crore in equity funds last month. Categories like sectoral funds, mid cap funds and flexi cap funds received maximum inflows of Rs.4400 crore, Rs.2400 crore and 2200 crore, respectively.
The inflows in these categories has come largely due to NFO launches. Three thematic funds – ICICI Pru PSU Equity Fund, Kotak Business Cycle Fund and Tata Housing Opportunities Fund grossed over Rs.3800 crore during NFO.
Similarly, Sundaram Flexi Cap Fund collected Rs.1700 crore during its NFO whereas White Oak Capital Mid Cap Fund raised over Rs.300 crore. Overall, the industry collected close to Rs.6000 crore through NFOs.
Debt funds
Debt funds saw net outflows of Rs.65000 crore largely on account of withdrawal from liquid funds (Rs.60,000 crore), money market funds (Rs.11,000 crore) and ultra-short term funds (Rs.8500 crore).
However, net inflows in overnight funds (Rs.33,000 crore) reduced the impact of huge outflows in debt funds.
Hybrid funds
Apart from arbitrage funds which saw net outflows of Rs.4000 crore, all other categories across hybrid funds saw net inflows with balanced advantage funds receiving the highest net inflows of Rs.760 crore. Overall, the category saw net inflows of Rs.2700 crore.
Solution oriented funds also witnessed net inflows of Rs.200 crore.
Passives
Passive funds also witnessed net inflows of Rs.13,600 crore in September. While index funds received net inflows of Rs.2300 crore, other ETFs which include both equity and debt ETFs attracted net inflows of Rs.10,800 crore.
Other key highlights
- Total number of folios reached 13.81 crore including 11 crore retail folios
- Number of SIP accounts stood at Rs.5.84 crore in Sep 2022
- However, SIP AUM declined marginally to Rs.6.35 lakh crore
- Retail AUMs stood at Rs.20 lakh crore
