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.
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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