The entrances to the equity mutual funds Inflows increased by 3% in August to Rs 38,239 crore from Rs 37,113 crore in July. Inflows into sector/thematic funds declined by 1% to Rs 18,117 crore. All categories except ELSS funds and focused funds continued to see inflows in August. ELSS funds and focused funds continued to see outflows for the fifth consecutive month.
Debt mutual funds In August, liquid funds saw an inflow of Rs 45,169 crore, down 62% on a month-on-month basis as against an inflow of Rs 1.19 lakh crore in July. The maximum inflow was in overnight funds. Liquid funds saw an inflow of Rs 15,105 crore in August as against an outflow of Rs 4,451 crore in July.
Total inflows in hybrid fund categories declined by 43 per cent to Rs 10,005 crore in August, compared to an inflow of Rs 17,436 crore in July. All hybrid categories, except conservative hybrid funds, received inflows in August.
Net inflows in the “others” category, which includes index funds and ETFs, declined marginally by 1 per cent to Rs 14,599 crore in August from Rs 14,777 crore in July.
Total assets under management (AUM) of mutual funds rose 3% to Rs 66.43 lakh crore in August from Rs 64.69 lakh crore in July. “Net flows remain encouraging with SIP and NFO inflows. The sectoral/thematic category of schemes witnessed strong inflows due to NFOs. NFOs seem to be the preferred route for investors to make a lump sum allocation to mutual funds as the schemes have the flexibility to invest for a stipulated period of time,” said Manish Mehta, National Head – Sales, Marketing & Digital Business, Kotak Mahindra AMC
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