Informist, Friday, Jun 9, 2023
--AMFI: MF industry net inflows at 574.20 bln rupees in May
--AMFI: MF industry AUM at 43.20 trln rupees as on May 31, up 3.8% MoM
--AMFI: Open-ended debt funds' net inflows at 459.59 bln rupees in May
--AMFI: Open-ended equity funds' net inflows at 32.40 bln rupees in May
--AMFI: Open-ended hybrid funds net inflows at 60.93 bln rupees in May
--AMFI: Net inflows in liquid funds at 452.34 bln rupees in May
--AMFI: Net outflows in overnight funds at 189.10 bln rupees in May
--AMFI: Net inflows in money market funds at 87.31 bln rupees in May
--AMFI: Net inflows in small cap funds at 32.83 bln rupees in May
--AMFI: Net outflows in large cap funds at 13.62 bln rupees in May
--AMFI: Net inflows in arbitrage funds at 66.4 bln rupees in May
--AMFI: Net inflows in Large & Mid Cap Fund 11.33 bln rupees in May
--AMFI: Net inflows in mid cap funds at 11.96 bln rupees in May
--AMFI:Net inflows in other-than-gold ETFs at 45.24 bln rupees in May
--AMFI: Open-ended debt funds AUM 13.5 trln rupees May 31, up 3.9% MoM
--AMFI: Open-ended equity funds AUM 16.6 trln rupees May 31, up 4.6% MoM
--AMFI: Open-ended hybrid funds AUM 5.1 trln rupee May 31, up 3.1% MoM
--AMFI Venkatesh: MF industry has done reasonably well
--AMFI: MF May SIP inflows at 147.49 bln rupees vs 137.28 bln in Apr
--AMFI Venkatesh: Confident that SIP numbers will show upward trend
--AMFI: MF SIP AUM at 7.53 trln rupees May 31 vs 7.17 trln rupees Apr
--AMFI Venkatesh: People will continue to invest in equity funds
--AMFI Venkatesh: See an upward trend in small-cap funds going forward
--AMFI Venkatesh: See money flowing across equity schemes going ahead
--AMFI: See money flowing into smallcap funds for next 3-4 months
MUMBAI – Net inflows into open-ended equity schemes fell to a five-month low of 32.40 bln rupees in May, mainly on account of net outflows in large-cap and focused funds, according to the monthly data released by the Association of Mutual Funds in India today.
Large-cap funds and focused funds saw net outflows of 13.62 bln rupees and 9.44 bln rupees, respectively in May, while small-cap funds witnessed net inflows of 32.83 bln rupees.
The outflows in the large cap funds in May was on likely profit booking, AMFI Chief Executive N.S. Venkatesh said.
Investors in large cap funds are moving to small cap funds as they see value in these stocks after recent correction in prices, he said.
"They want to participate in the upward momentum that is expected to happen in small cap stocks," Venkatesh said adding that he expected small cap funds to keep witnessing inflows for three-four months.
The net assets under management of equity schemes were up 4.6% on month to 16.57 trln rupees at the end of May.
The mutual fund industry witnessed net inflows of 574.20 bln rupees in May and the assets under management of the industry were up 3.8% on month to 43.20 trln rupees.
Open ended-debt funds saw net inflows of 459.59 bln rupees in May. Within open-ended debt funds, overnight funds saw net outflows of 189.10 bln rupees, while liquid funds saw net inflows of 452.34 bln rupees compared with inflows of 632.19 bln rupees in April.
The slowdown in money coming into the two schemes could be due to corporates and banks taking out money to manage their treasury, Venkatesh said.
The slowdown in inflows in short duration funds, ultra short duration funds, and money market funds, were mainly due to investors taking a position on where the Reserve Bank of India's interest rate might stand, he said.
The Reserve Bank of India's Monetary Policy Committee on Thursday kept the policy repo rate unchanged at 6.50% and decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth.
Net inflows into hybrid schemes rose to 60.93 bln rupees in May as against 33.17 bln rupees a month ago. The rise was mainly due to inflows into arbitrage funds. Arbitrage funds witnessed net inflows of 66.40 bln rupees in May. However, balanced hybrid funds and dynamic asset allocation funds saw net outflows of 9.97 bln rupees and 7.57 bln rupees in May, respectively.
Among Other funds, other exchange traded funds saw net inflows of 45.24 bln rupees in May, while inflows into index funds and gold exchange traded funds slowed down to 1.09 bln rupees and 1.03 bln rupees, respectively.
Overall, the mutual fund industry performed reasonably well, Venkatesh said.
Systematic investment plans saw inflow of 147.49 bln rupees in May compared with 137.28 bln rupees a month ago.
The assets under management of systematic investment plans as on May 31 stood at 7.53 trln rupees as against 7.17 trln rupees in April. Venkatesh said that he was confident that SIP inflows will show upward trend going forward. End
Reported by Kshipra Petkar and Anshul Choudhary
Edited by Saji George Titus
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