Equity inflows at 5-month high, SIPs hit record again
financialexpress.comNet inflows into open-ended equity mutual fund (MF) schemes jumped to a five-month high in August at Rs 20,161 crore. This was almost thrice the figure recorded in the previous month, showed data released by the Association of Mutual Funds in India (Amfi) on Monday. In July, net inflows stood at Rs 7,505 crore.
Smallcaps continued to attract robust inflows at more than Rs 4,200 crore, while the midcap, large & midcap and multicap categories witnessed higher inflows month-on-month. Flexi-cap funds saw a reversal in the trend, raking in Rs 2,192 crore in inflows, compared with an outflow of Rs 932 crore last month.
What stood out was the sectoral/thematic category that reported a threefold rise in inflows at Rs 4,805 crore, from Rs 1,430 crore last month. “The spike in flows could also be attributed to the five new fund launches in this segment, which cumulatively garnered Rs 2,556 crore during the month,” said Melvyn Santarita, analyst (manager research), Morningstar India.
Outflows continued from largecap funds, though the quantum got reduced in August at around Rs 350 crore, compared with Rs 1,880 crore in July.
SIP inflows rose to an all-time high again, with August recording Rs 15,813.54 crore in contribution. The total SIP AUM rose to Rs 8.47 trillion, compared with Rs 8.32 trillion in July.
On the other hand, it was a torrid month for debt funds, with open-ended debt schemes showing net outflows of ₹25,872 crore. Liquid funds accounted for a majority of outflows, with close to Rs 26,823 crore being withdrawn. The ultra-short duration category witnessed net outflows of Rs 4,123 crore.
However, the overnight, floater, and corporate bond fund categories saw net inflows of Rs 3,158 crore, Rs 2,325 crore, and Rs 1,755
