Share:

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.

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 SchemesNo. of schemesFolios
September3256,39,15,446
August3236,37,96,688

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. 

Invest in direct mutual funds

  • Enjoy 0% commission
  • SIP starting at ₹500

Debt funds too saw a rise in the number of folios in September.

Open-Ended Debt SchemesNo. of SchemesFolios
September32673,02,363
August32971,19,543

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 NameNet Inflow (+ve)/Outflow (-ve) for the month of September 2020Scheme NameNet Inflow (+ve)/Outflow (-ve) for the month of August 2020
Equity Schemes(in Rs. crores)Equity Schemes(in Rs. crores)
Multi Cap Fund-1,143.86Multi Cap Fund-1,157.21
Large Cap Fund-576.09Large Cap Fund-1,553.50
Large & Mid Cap Fund621.48Large & Mid Cap Fund-166.65
Mid Cap Fund-67.61Mid Cap Fund-602.98
Small Cap Fund132.91Small Cap Fund-104.39
Focused Fund823.53Focused Fund4.80
Sectoral/Thematic Funds12.60Sectoral/Thematic Funds369.90
ELSS-38.87ELSS28.85

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 NameNet Inflow (+ve)/Outflow (-ve) for the month of September 2020Scheme NameNet Inflow (+ve)/Outflow (-ve) for the month of August 2020
Debt Schemes(in Rs crores)Debt Schemes(in Rs crores)
Overnight Fund4,188.03Overnight Fund-10,298.03
Liquid Fund-65,951.79Liquid Fund-15,814.01
Ultra Short Duration Fund-4,867.35Ultra Short Duration Fund5,427.77
Low Duration Fund1,817.64Low Duration Fund5,368.46
Short Duration Fund3,853.18Short Duration Fund198.52
Long Duration Fund-34.01Long Duration Fund114.25
Corporate Bond Fund716.71Corporate Bond Fund1,955.06
Credit Risk Fund-539.54Credit 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
September12,87,235.72
August12,89,607.15
Open-Ended Equity Schemes
September7,67,953.69
August7,66,691.35

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 FundHSBC Corporate Bond Fund
Medium Duration FundUnion Medium Duration Fund
B. Growth/ Equity Oriented Schemes
Large & Mid Cap FundBaroda Large and Mid-Cap Fund
Focused FundInvesco India Focused 20 Equity Fund
C. Solution Oriented Schemes
Childrens’ FundSBI Magnum Children’s Benefit Fund – Investment Plan
D. Other Schemes
Other ETFsUTI Bank Exchange Traded Fund (UTI Bank ETF)
Fund of funds investing overseasAxis Global Equity Alpha Fund of Fund

Happy Investing!

Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.

Share: