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Mutual Fund Snapshot – September 2020

The mutual fund industry witnessed net outflows of ~INR 14,553 crore in August 2020 as against net inflows of ~ INR 89,812 crore in July 2020.

·        In August 2020, net outflows of ~ INR 4028 crore compared to net outflows of ~ INR 3845 crore in the previous month were seen in the equity category.

·        In August 2020, AUMs of debt, equity and hybrid category accounted for 50.5 percent, 29.0 percent and 11.0 percent of the total AUMs, respectively, and 9.5 percent of the balance was contributed by solution-oriented and other schemes.

·        The AUM of the MF industry increased by 1.4 percent on a MoM basis, and was reported at INR 27.49 Lakh Crore for August 2020 as compared to INR 27.11 lakh Crore in July 2020.

·        Total AUM in Equity category witnessed a rise of 4.3 percent on a MoMv basis, grew to INR 7.98 lakh crore in August, compared to INR 7.65 lakh crore in the previous month on the back of stellar stock market returns.  

·        Within equities, inflows were recorded in categories viz. ELSS, Focusedv Funds & Thematic Funds, of ~INR 29 crore, ~INR 5 crore and ~INR 370 crore, rest all equity categories witnessed net outflows where large cap funds were the worst hit by net outflow of ~INR 1553 crore.  

·        Net outflows of INR 8,943 crore were witnessed in Income/Debtv Oriented Schemes for the month of August, relative to net inflows of INR 86,635 crore in the previous month.  

·        Liquid funds saw outflows of INR 15, 814 crore as compared to inflows ofv INR 14,055 crore in the previous month, may be owing to withdrawal by investors with low-risk appetite.  

·        Corporate bond Funds saw inflows of INR 1,955 crore in August 2020 asv the traction of investors increase towards quality debt funds with AAA rated portfolios, which is however much lower than inflows of ~INR 11,910 crore in Corporate Bond Funds in the previous month.  

·        SIP inflows in August stood at INR 7,792 crore as against INR 7,831 crorev recorded in July 2020.

 

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Disclaimer

 The information and views presented here are prepared by Karvy Private Wealth (a division of Karvy Stock Broking Limited) or other Karvy Group companies. The information contained herein is based upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. Karvy Private Wealth is only a distributor of securities and financial market products.

 

 

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