Flows into open-ended equity schemes have turned positive after recording outflows for 9 months. The flows into open-ended debt funds have turned negative yet again after recording positive inflows in February 2021. In terms of AUM, debt schemes saw a slight dip whereas equity fund AUMs rose from February.
Read on to find out more on the mutual fund monthly report for March 2021.
In this article
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.
1. Open-Ended Equity Funds
Open-ended equity funds witnessed inflows for the first time in 9 months. The category recorded inflows worth Rs 9,115.12 crores in the previous month against outflows of Rs 4,534. 36 crores in February 2021. Most subcategories in equity mutual funds witnessed inflows barring multi-cap funds and value/contra funds. Sectoral and thematic equity funds witnessed the highest inflows during March 2021.
Here’s how different subcategories performed. This is not an exhaustive list.
| Sr | Scheme Name | Net Inflow (+ve)/Outflow (-ve) for the month of March 2021 (INR in crore) |
| II | Growth/Equity Oriented Schemes | |
| i | Multi Cap Fund | -191.81 |
| ii | Large Cap Fund | 723.18 |
| iv | Mid Cap Fund | 1,502.53 |
| v | Small Cap Fund | 335.95 |
| vii | Value Fund/Contra Fund | -198.92 |
| viii | Focused Fund | 1,026.69 |
| ix | Sectoral/Thematic Funds | 2,009.35 |
| x | ELSS | 1,552.25 |
| xi | Flexi Cap Fund | 1,386.04 |
2. Open-Ended Debt Schemes
The outflows from the open-ended debt fund category were recorded at Rs 52,528.07 crores. The highest outflows were seen from liquid funds and low duration funds. Overnight debt funds saw the highest inflows last month.
| Open-ended Debt Schemes | Net Inflow (+ve)/Outflow (-ve) for the month of March 2021 (INR in crore) |
| Overnight Fund | 5,027.15 |
| Liquid Fund | -19,383.68 |
| Ultra Short Duration Fund | -6,731.08 |
| Low Duration Fund | -15,847.34 |
| Money Market Fund | -7,037.73 |
| Short Duration Fund | -9,025.14 |
| Medium Duration Fund | 585.51 |
| Medium to Long Duration Fund | -454.58 |
| Long Duration Fund | 42.45 |
| Dynamic Bond Fund | 1,825.65 |
| Corporate Bond Fund | 2,554.06 |
| Credit Risk Fund | -169.72 |
| Banking and PSU Fund | -6,508.32 |
| Gilt Fund | -564.07 |
| Gilt Fund with 10 year constant duration | -70.41 |
| Floater Fund | 3,229.17 |
Systematic Investment Plans (SIPs)
(SIPs) monthly contribution stood rose to Rs 9,182 crores in March 2021 from Rs 7,528.14 crores in February.
The number of SIP accounts rose to 3.72 crores in March from 3.62 crore in February and 3.56 crore in January.
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 | |
| March | 13.88 lakh |
| February | 14.17 lakh |
| Open-Ended Equity Schemes | |
| March | 9.82 lakh |
| February | 9.71 lakh |
Folios
What are 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 | |
| March 31, 2021 | 6,57,44,364 |
| February 28, 2021 | 6,47,64,375 |
| Open-Ended Debt Schemes | |
| March 31, 2021 | 82,46,129 |
| February 28, 2021 | 82,95,606 |
New Schemes
Around 14 new schemes were launched in March 2021. Five of the new schemes were launched were index funds.
Here’s the list of new schemes launched last month:
| Open End Schemes | ||||||
| A. Income/Debt Oriented Schemes | ||||||
| Corporate Bond Fund | Mirae Asset Corporate Bond Fund | |||||
| Floater Fund | DSP Floater Fund | |||||
| B. Growth/ Equity Oriented Schemes | ||||||
| Sectoral/Thematic Funds | Invesco India ESG Equity Fund | |||||
| Mid Cap Fund | ITI Mid Cap Fund | |||||
| C. Other Schemes | ||||||
| Index Funds | Edelweiss Nifty PSU Bond Plus SDL Index Fund – 2026 IDFC Gilt 2027 Index Fund IDFC Gilt 2028 Index Fund Kotak Nifty Next 50 Index Fund UTI Nifty200 Momentum 30 Index Fund |
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| Other ETFs | Axis Technology ETF Kotak IT ETF Nippon India ETF Nifty SDL – 2026 Maturity |
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| Fund of funds investing overseas | HSBC Global Equity Climate Change Fund of Fund SBI International Access- US Equity FoF |
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| Close Ended Schemes | ||||||
| Fixed Term Plan | SBI Fixed Maturity Plan(FMP)-Series 41 (1498 Days) SBI Fixed Maturity Plan(FMP)-Series 42 (1857 Days) |
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I write on mutual funds and stocks. My passion for jamming numbers, following money and stock markets drove me to simplify complex financial concepts for you.
