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Mutual funds see inflow of Rs 1.02 lakh crore in Aug

Inflows in mutual funds through SIPs in August fell to Rs 8,231 crore.

Updated: Sep 09, 2019, 07.19 PM IST
Mutual funds' AUM rises 4 pc to Rs 25.47 lakh crore in August
Mutual funds' AUM rises 4 pc to Rs 25.47 lakh crore in August
New Delhi: Mutual funds' asset base increased to Rs 25.47 lakh crore in August, a rise of 4 per cent as compared with the preceding month, on the back of robust inflows in equity and liquid schemes.

The 44-player industry logged an assets under management (AUM) of Rs 24.53 lakh crore in July-end, according to data from the Association of Mutual Funds in India (Amfi).

Mutual fund houses witnessed an overall inflow of Rs 1.02 lakh crore last month, much higher than Rs 87,000 crore seen in July. Of these, liquid funds alone witnessed an impressive over Rs 79,000 crore in August.

Fund managers attributed growth in asset base to higher retail participation and robust inflows in equity schemes and liquid funds.

Open-ended equity schemes witnessed an infusion of Rs 9,152 crore, while there was a small outflow of Rs 62 crore in close-ended equity plans, taking total equity inflows to Rs 9,090 crore last month. In July, net inflow in such schemes stood at Rs 8,092 crore.

  • Inflow at Rs 1.02 lakh cr in Aug vs Rs 87,088 cr in July
  • Equity inflow at Rs 9,152 cr vs Rs 8,112 cr
  • Total AUM at Rs 25.6 lakh cr vs Rs 25.8 lakh cr
  • Equity AUM at Rs 6.78 lakh cr vs Rs 7.06 lakh cr
  • SIP at Rs 8,230 r vs Rs 8,324 cr
  • Equity inflow rises 4th month in a row
  • Multicap inflow up 5 times
  • Largecap inflows rise for 4th month
  • Smallcap inflows snapped 2-month falling run
  • Equity AUM down 2nd month in a row
  • Total AUM snapped 4-month gaining streak
  • FMP outflows for 5th month in a row

Among debt-oriented schemes, liquid funds saw an infusion of Rs 79,428 crore in last month as compared to Rs 45,441 crore, in July.

Besides, gold exchange-traded funds saw a total inflow of Rs 145 crore against an outflow of Rs 17.66 crore.

"Retail investor interest in equity mutual funds, for the fourth time in succession, continues to be steady, displaying maturity, despite uncertain economic and volatile market situation.

"Net inflows, largely in all categories of equity funds, especially in small and mid-cap funds, as also in the ELSS (equity-linked saving scheme) segment, signify heightened confidence and interest in emerging businesses and disciplined tax planning," AMFI Chief Executive Officer N S Venkatesh said.

Speaking on the outlook for September, Venkatesh said that on the equity side, SIPs (systematic investment plans) would witness robust flows and on debt side, liquid funds may see volatility owing to quarter-end phenomenon.

Inflows in mutual funds (MFs) through SIPs in August stood at Rs 8,231 crore, a slight fall as compared with Rs 8,324 crore a month ago.

The MF industry added 4.81 lakh folios -- numbers designated to individual investor accounts, though an investor can have multiple accounts -- last month to a total of 8.53 crore.

MFs are investment vehicles made up of a pool of funds collected from a large number of investors.

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