Outflows in equity mutual funds saw a huge dip in September 2020 over August this year. The outflows reduced by almost Rs 3,000 crores. Along with that, there was an increase of around 1.18 lakh folios for open-ended equity schemes as well. Read on to find out more on this and the monthly report from Amfi.
In this article
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.
| Open-ended Equity Schemes | No. of schemes | Folios |
| September | 325 | 6,39,15,446 |
| August | 323 | 6,37,96,688 |
The number of folios for September 2020 in the equity category stood at 6.39 crores, up from 6.37 crores in the previous month.
Debt funds too saw a rise in the number of folios in September.
| Open-Ended Debt Schemes | No. of Schemes | Folios |
| September | 326 | 73,02,363 |
| August | 329 | 71,19,543 |
The number of folios in the debt fund category rose to 73.02 lakh folios from 71.19 lakh folios.
Equity Oriented Open-Ended Schemes
The total outflows from equity schemes saw a big improvement in September over August. The outflows stood at Rs 734.4 crores as compared to outflows of Rs 3,999.62 crores. Some of the categories like large and mid-cap funds and mid-cap funds witnessed a huge turnaround from the previous month.
Here’s a quick snapshot of how few other categories under equity schemes performed in September.
| Scheme Name | Net Inflow (+ve)/Outflow (-ve) for the month of September 2020 | Scheme Name | Net Inflow (+ve)/Outflow (-ve) for the month of August 2020 | |
| Equity Schemes | (in Rs. crores) | Equity Schemes | (in Rs. crores) | |
| Multi Cap Fund | -1,143.86 | Multi Cap Fund | -1,157.21 | |
| Large Cap Fund | -576.09 | Large Cap Fund | -1,553.50 | |
| Large & Mid Cap Fund | 621.48 | Large & Mid Cap Fund | -166.65 | |
| Mid Cap Fund | -67.61 | Mid Cap Fund | -602.98 | |
| Small Cap Fund | 132.91 | Small Cap Fund | -104.39 | |
| Focused Fund | 823.53 | Focused Fund | 4.80 | |
| Sectoral/Thematic Funds | 12.60 | Sectoral/Thematic Funds | 369.90 | |
| ELSS | -38.87 | ELSS | 28.85 |
Debt-oriented Open-ended Schemes
The outflows in debt schemes have increased to Rs 51,962.16 crores in September 2020 as compared to outflows worth Rs 3,907.53 crores in August. Liquid funds saw an outflow of Rs 65,951.79 crores in September, which seems to be one of the biggest contributors for this huge spike.
Details of other sub-categories under debt funds are given below:
| Scheme Name | Net Inflow (+ve)/Outflow (-ve) for the month of September 2020 | Scheme Name | Net Inflow (+ve)/Outflow (-ve) for the month of August 2020 | |
| Debt Schemes | (in Rs crores) | Debt Schemes | (in Rs crores) | |
| Overnight Fund | 4,188.03 | Overnight Fund | -10,298.03 | |
| Liquid Fund | -65,951.79 | Liquid Fund | -15,814.01 | |
| Ultra Short Duration Fund | -4,867.35 | Ultra Short Duration Fund | 5,427.77 | |
| Low Duration Fund | 1,817.64 | Low Duration Fund | 5,368.46 | |
| Short Duration Fund | 3,853.18 | Short Duration Fund | 198.52 | |
| Long Duration Fund | -34.01 | Long Duration Fund | 114.25 | |
| Corporate Bond Fund | 716.71 | Corporate Bond Fund | 1,955.06 | |
| Credit Risk Fund | -539.54 | Credit Risk Fund | -554.14 |
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 in 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 | (Rs crores) |
| Open-Ended Debt Schemes | |
| September | 12,87,235.72 |
| August | 12,89,607.15 |
| Open-Ended Equity Schemes | |
| September | 7,67,953.69 |
| August | 7,66,691.35 |
SIP Update
The number of SIP accounts continues to rise sequentially. The total number of SIP accounts rose to 3.33 crore accounts in September, a rise of close to 3.11 lakh accounts from August 2020. The number of SIP accounts in May 2020 was around 3.1 crore accounts.
However, SIP contributions reduced marginally. SIP inflows stood at Rs 7,788.37 crores in September as against Rs 7,791.63 crores in August.
SIP AUMs saw a minor dip. The figure stood at Rs 3.35 lakh crores in September as compared to Rs 3.36 lakh crores in the previous month.
New Schemes Update
A total of 7 new schemes were launched last month. Below is a summary of all the new schemes that were launched in September.
| Open End Schemes | ||||||
| A. Income/Debt Oriented Schemes | ||||||
| Corporate Bond Fund | HSBC Corporate Bond Fund | |||||
| Medium Duration Fund | Union Medium Duration Fund | |||||
| B. Growth/ Equity Oriented Schemes | ||||||
| Large & Mid Cap Fund | Baroda Large and Mid-Cap Fund | |||||
| Focused Fund | Invesco India Focused 20 Equity Fund | |||||
| C. Solution Oriented Schemes | ||||||
| Childrens’ Fund | SBI Magnum Children’s Benefit Fund – Investment Plan | |||||
| D. Other Schemes | ||||||
| Other ETFs | UTI Bank Exchange Traded Fund (UTI Bank ETF) | |||||
| Fund of funds investing overseas | Axis Global Equity Alpha Fund of Fund | |||||
Happy Investing!
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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.
