Mutual Fund Inflows
MF August net inflows decline on month on lower flows into debt funds
This story was originally published at 17:10 IST on 10 September 2024
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--AMFI: MF industry Aug net inflows at 1.08 trln rupees
--AMFI: MF industry AUM 66.70 trln rupees as on Aug 31
--AMFI: Open-ended debt funds Aug net inflows at 451.69 bln rupees
--AMFI: Open-ended debt funds AUM 16.00 trln rupees as on Aug 31
--AMFI: Open-ended equity funds Aug net inflows at 382.39 bln rupees
--AMFI: Open-ended equity funds AUM 30.09 trln rupees as on Aug 31
--AMFI: Open-ended hybrid funds Aug net inflows at 100.05 bln rupee
--AMFI: Open-ended hybrid funds Aug net inflows at 100.05 bln rupees
--AMFI: Open-ended hybrid funds AUM 8.61 trln rupees as on Aug 31
--AMFI: Overnight funds Aug net inflows 151.06 bln rupees
--AMFI: Liquid funds Aug net inflows 135.95 bln rupees
--AMFI: Sectoral/thematic funds Aug net inflows 181.17 bln rupees
--AMFI: Money market funds Aug net inflows 100.93 bln rupees
--AMFI: MF SIP AUM 13.4 trln rupees Aug 31 vs 13.1 trln rupees mo ago
--AMFI:MF SIP net inflow 235.47 bln rupees Aug 31 vs 233.32 bln mo ago
MUMBAI – The net inflows into mutual fund schemes declined to 1.08 trln rupees in August from 1.89 trln rupees a month ago, mainly on account of a fall in inflows into open-ended debt funds, according to data released by the Association of Mutual Funds in India today. The total assets under management of the mutual fund industry were at 66.07 trln rupees as of Aug 31.
Net inflows into open-ended debt funds fell to 451.69 bln rupees in August from 1.19 trln rupees a month ago. The assets under management in open-ended debt funds were at 16 trln rupees as of Aug 31, up 3.6% from a month ago.
Within open-ended debt funds, net inflows into overnight funds were 151.06 bln rupees and liquid funds were 135.95 bln rupees in August, the industry association said.
The net inflows into open-ended equity funds rose over 3% from a month ago to 382.39 bln rupees in August. Sectoral and thematic funds saw net inflows of 181.17 bln rupees in August, down from 183.86 bln rupees a month ago.
Five sectoral and thematic new fund offers in August – Bank of India Business Cycle Fund, Invesco India Manufacturing Fund, Motilal Oswal Manufacturing Fund, Motilal Oswal Business Cycle Fund and, SBI Innovative Opportunities Fund –garnered a total of 102.02 bln rupees, AMFI data showed.
Net inflows into large cap funds rose to net inflows of 26.37 bln rupees, from 6.70 bln rupees seen a month ago. However, the inflows into large cap funds were lower than those seen in small and mid-cap funds in August.
Small-cap funds saw net inflows of 32.09 bln rupees in August, up from 21.09 bln rupees a month ago. Mid-cap schemes attracted investments of 30.54 bln rupees, almost double the inflow of 16.44 bln rupees in July. Flexi-cap funds saw net inflows of 35.13 bln rupees in August.
Asked if the valuations and rising interest in theme-based funds are a cause for concern, AMFI Chief Executive Venkat Chalasani said mutual funds have risk management measures in place to handle investments in these funds.
Net inflows into hybrid funds fell by over 40% from a month ago to 100.05 bln rupees. Within this, the dynamic asset allocation reported net inflows of 32.15 bln rupees. Canara Robeco Balanced Advantage Fund, the only hybrid new fund offer in August, garnered 12.97 bln rupees.
In passive funds, index funds saw net inflows of 32.47 bln rupees in August, down from 80.19 bln rupees seen a month before. Gold exchange-traded funds saw net inflows of 16.11 bln rupees in August, marginally higher than 13.37 bln rupees in July.
The systemic investment plans saw net inflows of 235.47 bln rupees in August, marginally higher than 233.32 bln rupees a month before. The assets under management of systematic investment plans rose to 13.4 trln rupees as of Aug 31 from 13.1 trln rupees a month before. End
Reported by Kshipra Petkar
Edited by Saji George Titus
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