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AMFI data shows that MF industry AUM reached Rs.54.54 lakh crore in Feb 2024.
Additionally, the equity inflows were also positive for the last 36 months. The gross SIP inflows also crossed Rs.19000 crore per month.
Let’s see the key highlight of February.
Equity funds
- Equity funds saw net inflows of Rs.27,000 crore
- Sectoral/thematic funds were the top performers, with net inflows of Rs.11,000 crore, followed by large and mid cap funds with net inflows of Rs.3,100 crore and small cap funds with net inflows of Rs.2900 crore
- Out of the 11 equity funds categories, 10 witnessed net inflows
- Only focused funds saw outflows of Rs.500 crore
Debt funds
- Debt funds saw net inflows of Rs.64,000 crore largely due to liquid money
- Liquid funds saw the highest net inflows of Rs.84,000 crore
- Other categories of debt funds also saw net inflows - corporate bond funds (Rs.3,000 crore) and short duration funds (Rs.2,300 crore)
- However, overnight funds saw the highest outflows of Rs.17,000 crore
Hybrid funds
- Hybrid funds saw net inflows of Rs.18,000 crore
- Arbitrage funds received the highest inflows of Rs.11,500 crore
- Multi asset allocation funds also recorded net inflows of Rs.4000 crore
Passives
- The popularity of passive funds is on the rise. Passive funds received net inflows of Rs.14,000 crore
- While ETFs both equity and debt received net inflows of Rs.10,600 crore, index funds witnessed net inflows of Rs.3000 crore
- Gold ETFs received the least net inflows of Rs.34 crore in February
Other key highlights
- 22 NFOs collectively raised Rs.11,720 crore
- The SIP AUM reached an all-time high of Rs.10.52 lakh crore
- Close to 50 lakh new SIP accounts were opened last month
- Individual equity AUM (equity + hybrid + solution oriented schemes) stood at Rs.30.70 lakh crore
- Gross monthly SIP inflows reached Rs.19,200 crore
Venkat Chalasani, Chief Executive, AMFI said, "As we delve into the Feb 2024 data, we observe that there is a surge in SIP accounts, totalling Rs.8.20 crores with 49.79 lakhs new SIP registrations. This underscores investors' unwavering commitment to disciplined wealth accumulation. The industry's net AUM has also reached Rs. 54.54 lakh crore in February 2024.”
