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Flows into open-ended equity schemes fell almost half in June 2021 as compared to the previous month. Net inflows in open-ended equity schemes in June 2021 stood at 5,988.17 crores as compared to 10,082.98 crores in May 2021. 

Debt funds recorded a significant gain and net flows into open-ended debt funds were positive this month. The figure stood at 3,566.39 crores as compared to -44,512.04 crore in May 2021. 

Both debt and equity mutual funds recorded a slight improvement in Assets Under Management (AUM). 

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Read on to find out more on the mutual fund monthly report for June 2021.

Net Flows

Net flows give the net result of the total money that has moved into and moved out of the fund for a particular period. If the end result is negative, indicating outflows, it means that more money has been pulled out of the funds and vice versa.

Open-Ended Equity Funds

While open-ended equity funds recorded a significant fall in net inflow, the figure remained positive. It fell from around Rs 10,082 crores to Rs 5,988 crores. Mid Cap Funds and Sectoral/Thematic Funds received the highest inflows during this month. 

ELSS and Value Fund/Contra Fund were the two subcategories that recorded an outflow. 

Here’s how different subcategories performed.

Scheme Name Net Inflow (+ve)/Outflow (- ve) (in crore)
Open-Ended Equity Schemes
Multi-Cap Fund 209.59
Large Cap Fund 547.33
Large & Mid Cap Fund 800.65
Mid Cap Fund 1,729.07
Small Cap Fund 705.14
Dividend Yield Fund 39.65
Value Fund/Contra Fund -114.88
Focused Fund 569.00
Sectoral/Thematic Funds 1,207.37
ELSS -791.86
Flexi Cap Fund 1,087.11
Total  5,988.17

 

Open-Ended Debt Schemes 

The inflows for the open-ended debt schemes were around 3,566.39 crore this month – a significant improvement from the close to 44,000 crore outflow last month. 

Floater Funds received the highest inflows while Money Market Funds recorded the highest outflows. 

Scheme Name Net Inflow (+ve)/Outflow (- ve) (in crore)
Open-Ended Debt Schemes 
Overnight Fund 4,459.99
Liquid Fund 2,078.4
Ultra Short Duration Fund -2,439.74
Low Duration Fund 6,273.22
Money Market Fund -13,987.73
Short Duration Fund -1,056.80
Medium Duration Fund 4.80
Medium to Long Duration Fund 425.05
Long Duration Fund -19.90
Dynamic Bond Fund -51.80
Corporate Bond Fund 530.06
Credit Risk Fund 236.71
Banking and PSU Fund 1,357.55
Gilt Fund -538.06
Gilt Fund with 10-year constant duration -24.36
Floater Fund 6,318.92
Total 3,566.39

Systematic Investment Plans (SIPs)

The number of SIP accounts rose to 4.02 crores from 3.88 crores in May 2021. The SIP contribution rose to Rs 9,155.84 crores from Rs 8,819 crores. SIP AUMs rose to Rs 4.83 lakh crores from Rs 4.67 lakh crores.

AUM

Assets under management or AUM refers to the total market value of all the assets being managed by a mutual fund. For example, assets in an equity fund are mostly the stocks it has and also a small proportion of cash. 

The number fluctuates regularly depending on the money flowing in and out of the fund and the price of the assets held by it.

Average Net Assets Under Management for the following months Rs Crores
Open-Ended Debt Schemes 
June 14.35 lakh
May 14.22 lakh
Open-Ended Equity Schemes
June 10.95 lakh
May 10.26 lakh

Folios

A folio number is a unique number allotted to each mutual fund investor. When an investor purchases a fund, a folio number is assigned by the mutual fund company. There is no restriction on the number of folios as an investor can have different folio numbers for different funds.

No. of Folios as on 
Open-Ended Equity Schemes
June 30, 2021 6.89 crore
May 31, 2021 6.75 crore
Open-Ended Debt Schemes 
June 30, 2021 78.69 lakh 
May 31, 2021 78.80 lakh

New Schemes 

7 new schemes were launched in June 2021. Here’s the list of new schemes launched last month:

Open End Schemes
Growth/ Equity Oriented Schemes
Large Cap Fund  BOI AXA Bluechip Fund
Value Fund/Contra Fund ITI Value Fund
Other Schemes
Index Funds Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund; Kotak Nifty 50 Index Fund
Closed-Ended Schemes 
Fixed Term Plan  Aditya Birla Sun Life Fixed Term Plan – Series TI (1837 days); SBI Fixed Maturity Plan(FMP)- Series 44 (1855 Days);SBI Fixed Maturity Plan(FMP)-Series 45 (1840 Days)

 

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