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.

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