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The MF industry has been hitting new highs every month. AMFI data shows that the average AUM of the MF industry reached close to Rs.53 lakh crore in January 2024.
Also, the MF industry witnessed net inflows in equity funds for the 35th month in a row and monthly SIP inflow also touched all-time high. Let us look at the key highlights of the month gone by.
Equity funds
Net inflows
- Equity funds saw positive net inflows of Rs.22,000 crore
- Sectoral/thematic funds lead the category with net inflows of Rs.4,500 crore
- Small cap funds received the next highest net inflows of Rs.3,200 crore
- Following small caps was the multi-cap funds with net inflows of Rs.3,000 crore
- Other schemes with healthy net inflows were flexi cap funds (Rs.2,500 crore), large and mid-cap funds (Rs. 2,300 crore) and mid-cap funds (Rs.2,000 crore)
- Of the 11 equity fund categories, 10 saw net inflows in January
Net outflows
- Focused funds saw net outflows of Rs.200 crore
Debt funds
Net inflows
- Debt funds saw net inflows of Rs.76,400 crore on back of Rs.49,400 crore from liquid funds
- Money market funds saw net inflows of Rs.10,600 crore
- Overnight funds and ultra-short duration funds recorded net inflows of Rs.9,000 crore and Rs.3,000 crore, respectively
- Of the 16 debt funds, 11 fund categories received net inflows in January
Net outflows
- Banking and PSU funds saw net outflows of Rs.500 crore. Next was the credit risk funds with net outflows of Rs.300 crore
- Outflows in short-duration funds were Rs.220 crore, medium-duration funds (Rs.210 crore) and dynamic bond funds (Rs.63 crore)
.
Hybrid funds
Net inflows
- Hybrid funds saw net inflows of Rs. 20,600 crore
- Arbitrage funds received the highest net inflows of Rs.10,600 crore
- Multi-asset allocation funds saw the second-highest net inflows of Rs.7,000 crore
- Dynamic asset allocation/balanced advantage funds saw net inflows of Rs. 1,300 crore
- No funds in hybrid category recorded net outflows in January
Passives
- Index funds, gold ETFs and other ETFs saw net inflows of Rs.3,900 crore in January
- Index funds and gold ETFs received net inflows of Rs.3,000 crore and Rs. 650 crore, respectively
- Other ETFs, which include both equity and debt ETFs saw net inflows of Rs.570 crore
Other key highlights
- 20 NFOs raised Rs.6,817 crore
- The total MF folios was 16.95 crore
- The SIP AUM stood at 10.26 lakh crore
- 51.84 lakh new SIP accounts were opened last month
- The number of SIP accounts stood at 7.92 lakh crore
- Individual equity AUM (Equity + Hybrid + solution-oriented schemes) stood at Rs.29.88 lakh crore
Venkat Chalasani, Chief Executive, AMFI said, "As we reflect on the latest data within the mutual fund industry, it is abundantly clear that we are in an era of growth and participation through financial savings instruments. The surge in SIP accounts to an unprecedented 7.92 crore in January 2024, coupled with the milestone of 51.84 lakhs new SIP registrations, underscores the unwavering commitment of investors towards disciplined wealth creation. Moreover, the industry's net AUM soaring to Rs. 52.74 lakh crores further accentuate the resilience and potential of mutual funds as a preferred investment avenue.”
He further said, “What truly inspires confidence is the sustained retail participation across the country. This trend not only reflects the increasing financial literacy but also highlights the invaluable role played by the AMCs and our dedicated distributor fraternity in fostering a culture of informed investment. As we navigate through regulatory reforms and embrace the shift towards SIPs, it's evident that the Indian Mutual Fund Industry is charting a trajectory of sustained growth and relevance.”
