Thursday, June 10, 2021

Indian Mutual Funds inflows and outflows - May 2021 - Indian Mutual Funds - SIP performance


Mutual Funds – MAY-2021

(All Amount in Rs.)


  • Net Outflows: -38602 Crores
  • Total AUM: 33,05,660 Crores, New High (by Mth end)
  • Total Folios: Crossed 10 Crores milestone, at 10.04 Crores, New High


Monthly Fund flow highlights:

  • Equity attracted inflows of 9235 Crores, 3rd most in 26 Mths.

Major Net Inflows (O.E schemes): 

  • Multicap 1954 Crores, helped by an NFO ; 
  • Midcap 1368 Crores, up 74% from 3M avg ; 
  • Focused fund 1169Crores, up 142% from 3M avg helped by an NFO ; 
  • Sector/Thematic 1137 Crores.



Mutual Funds returns are subject to market conditions.

Major Net Outflows:

  • ELSS -290 Crores. Close-ended equity -848 Crores, an increase of  6 M.
  •  Gross redemptions of Open-ended Equity reduced to 15551 Crores, an 11M low.
  •  SIP Inflows in May’21: 8818 Crore, 2nd most historically; 
  • SIP A/cs: above 3.79 Crs, a new high


Debt suffered net inflows at -63454 Crores Debt (Ex-liquid and O/n) remained net outflows at -38602 Crores

  

Major Net Inflows: 

Low duration  7823 Crores, 6th most in 26M ; 

Money Market 4334 Crores, down -43% from 3M avg ; 

Ultra-short duration  2924 Crores ; 

Medium to long-duration  847 Crores, highest in 26M.



Major Net Outflows: 

  • Liquid -45447 Crores ;
  •  Overnight -11573 Crores, 3rd worst in 26M – both a surprise in the middle of the quarter ; 
  • Corp. bond -1468 Crores; 
  • Banking & PSU -1340 Crores – both at 4th low in 26 M. 
  • Close-ended Debt -18942 Crores, near multi-year high outflows, mostly due to redemptions across nearly 69 schemes, highest in recent months.


Net Inflows: 

  • Arbitrage 4521 Crores, down -11.7% from 3M avg ; 
  • Hybrid received net inflows of 6217 Crores, 4th best in 26M.
  • Dyn AA / Bal Adv 1363 Crores, 4th best in 26M. 
  • Equity savings saw it’s first inflow in 26 mths at 382 Crores(without NFO). 
  • Cons. Hybrid 395 Crores, most in 26M, in part helped by an NFO.


Net Outflows: 

Aggressive Hybrid -435 Crores, 3rd best in 26 M; Multi-Asset Alloc -8 Crores.

Solution saw net inflows of 68 Crores.


Others pulled net inflows of 9332 crs, up 63% from 3M avg inflows.


Net Inflows: 

  • Other ETFs 5380 Crores, up 99% from 3M avg ; 
  • Overseas FoF 2424 Crores, an all-time high monthly inflow, helped by 2 NFOs ; 
  • Index fund 1241 Crores, 3rd most in 26M ; 
  • Gold ETF 288 Crores, down -53% from 3M avg.


Net Outflows:  

  • Nil.


NFO sales in May’21: 

  • 5910 crs across 12 schemes (53% from Equity ; 
  • 28.8% Overseas FoF ;
  •  7.5% Other ETFs).


Between May’20 to May’21: 

  • Number of open-ended schemes went up by 60 with more NFOs coming in (Equity 27 ; 
  • Other ETFs 21 ; 
  • Index 12 ; 
  • Overseas FoF 8 ; 
  • Hybrid 6 ;
  • Soln 2. Debt schemes were down -16) ; 
  • Close-ended scheme count decreased by -289 (Debt 250 ; 
  • Equity 39) primarily owing to maturities and dryness in fresh offerings.
  •  Total schemes stood at 1597 (OE: 1027; CE: 570).


April/May usually witnesses higher maturity of close-ended debt schemes, that were launched at the end of previous FYs, with the timeline advantage of an additional year of indexation.


Monthly Folio change highlights:

  • The industry witnessed the highest ever monthly folio addition of 1867436 in May’21. 
  • The previous high was in Jan’18 at 18.45 lakh folios.
  • Equity added 1078091 folios, most likely a multi-year high.
  • Major Folio Additions: 
  • Sector / Theme 218854, 3rd most in 25M ; 
  • Smallcap 167498, 25M best ; 
  • Flexicap 140234 ; 
  • Midcap 127751, 2nd best in 25M.


Major Folio Reductions: 

  • Value/Contra -182, 2nd best in 25M (lowest reduction).


Debt lost :

  • 3035 folios. Debt (ex-liq/on) ended up adding a meager 178 folios, reversing from 2 mths of reductions.


Major Folio Additions: 

  • Corp. bond 11254, despite outflows, up 159% from 3M avg ; 
  • Short duration 7536 ; 
  • Medium duration 3632 ; 
  • Ultra short duration 3224.


Major Folio Reductions: 

  • Liquid -3819; Low duration -2317, 3rd mth in a row ; 
  • Gilt -2091, 4th mth in a row.


Hybrid added 62739 folios, 4th most in 25M.


Folio Additions: 

  • DAA / Bal Adv 29816, down -45% from 3M avg ; Cons. Hybrid 17006, most in 25M.

 Folio Reductions: 

  • NIL.


Solution funds  :

  • added 2376 folios


Other Funds:- 

  • Added 727265 folios, a 25M best.

Folio Additions: 

  • Other ETFs 368072, an all-time high (in part support from 4 NFOs) ; 
  • Gold ETF 154503, 3rd most historically; 
  • Overseas FoF 115666, an all-time high, in part lifted by 2 NFOs ; 
  • Index 89024, 2nd most in 25M, also helped by an NFO.


Folio Reductions: 

NIL.


Source: AMFI

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