MF Data Snapshot: August equity outflows at ₹3,999 cr; SIPs garner ₹7,791 cr
The mutual fund industry overall recorded a net outflow of nearly ₹14,533 crore across all segments in August, dragged by outflows in equity, debt, hybrid schemes as compared to a net inflow of ₹89,812.8 crore in July.
The assets under management (AUM) of the mutual fund industry jumped to ₹27.5 lakh crore in August-end from ₹27.1 lakh crore recorded in July-end.
As per data by the Association of Mutual Funds of India (AMFI), the growth and equity-oriented schemes registered a net outflow for the month of August 2020 at ₹3,999.6 crore on the back of the surge in redemptions, as compared to ₹2,480.3 crore outflows a month ago.
The sectoral/thematic funds witnessed inflows worth ₹367 crore during the month. The tax saving Equity-linked savings scheme (ELSS) also recorded a net inflow of ₹28.8 crore. Multi Cap and Large Cap funds registered the highest net outflows under the scheme of ₹1,157 crore and ₹1,553.5 crore respectively.
The chart below shows the equity flows of three months i.e., June (₹240.5 crore), July (₹-2,480.3 crore), and August (₹-3,999.6 crore). The equity-oriented mutual funds witnessed net outflows for the second straight month.
The income and debt-oriented schemes total net outflows stood at ₹3,907.5 crore in August against ₹91,391.7 crore inflow in July. Liquid fund and Low duration fund dragged the scheme overall as they garnered net outflows of ₹15,814 crore and ₹10,298 crore during the month under review.
Credit Risk fund continued to see an outflow of ₹554 crore; however, it was better than the previous month’s outflow figure of ₹669.7 crore. Whereas, Corporate Bond funds, Banking, and PSU funds, Money Market funds under the debt schemes category saw inflows.
Coming to the Hybrid schemes (mix of equity and debt), the scheme’s outflow in August came at ₹4,819.5 crore from July’s outflow of ₹7,301.3 crore.
After registering the inflows of ₹921 crore in July, Gold exchange-traded funds (ETF) inflows slipped marginally to ₹907.8 crore in August amid volatility in gold prices. Index funds, on the other hand, garnered ₹235.6 crore net inflows in August against ₹181.5 crore net outflows last month.
The chart depicts the total contribution made by systematic investment plans (SIPs) in the last six months. In August 2020, the SIP inflows dipped slightly to ₹7,791 crore as compared to ₹7,830 crore in July 2020.
The total number of SIP folios saw a marginal jump to 3.30 crore in August from 3.27 crore month-on-month (MoM).
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