Equity MF inflows fall 14% MoM to Rs 32,993 crore in October; smallcap inflows slide 29%: AMFI

Equity mutual fund inflows declined 14% month-on-month to Rs 32,993 crore in October, compared with Rs 38,306 crore in September, according to monthly data released by the Association of Mutual Funds in India (AMFI). Inflows into smallcap funds fell 29% during the month.

On a monthly basis, the inflows in the large & mid cap category surged by 99% from Rs 4,271 crore in September. This was followed by a 20% jump in the inflows of the large cap category whereas the other categories saw a decline in their monthly inflows.

Among the 17 sub-categories, the smallcap funds that received the second-highest inflows saw a decline of 29% to Rs 6,407 crore in October, against an inflow of Rs 9,038 crore in the previous month. Large & midcap funds received the highest inflow of Rs 8,484 crore during the said period.

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Flexi cap funds received the third highest inflow of Rs 4,979 crore, followed by midcap funds that received an inflow of Rs 4,892 crore. Dividend yield funds and ELSS funds saw an outflow of Rs 92.82 crore and Rs 577 crore, respectively.

Every month, the inflows in the large & mid cap category surged by 99% from Rs 4,271 crore in September. This was followed by a 20% jump in the inflows of the large cap category whereas the other categories saw a decline in their monthly inflows.

Debt Funds

Debt funds received an inflow of Rs 1.13 lakh crore in October against an outflow for two consecutive months. In September and August, the category saw an outflow of Rs 1.83 lakh crore and Rs 8,127 crore, respectively.

Among the 17 sub-categories, only four categories received inflows in October. Liquid funds received the highest inflow of Rs 70,533 crore in October compared to an outflow of Rs 95,743 crore in the previous month. Overnight funds received an inflow of Rs 54,893 crore in the same time period.

The other two categories to receive inflows were money market funds and debt-oriented sectoral funds. These categories received an inflow of Rs 1,501 crore and Rs 1,171 crore respectively.

Ultra-short to short-term funds saw the highest outflow of Rs 3,581 crore in October, followed by corporate bond funds that saw an outflow of Rs 3,142 crore. Credit risk funds saw the lowest outflow of Rs 70.31 crore in the mentioned period.

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Hybrid Funds

Hybrid funds received an inflow of Rs 3,514 crore in October compared to an outflow of Rs 456 crore in the previous month. Among the seven sub-categories, arbitrage funds received the highest inflow of Rs 3,928 crore, followed by multi-asset allocation that saw an inflow of Rs 1,514 crore.

Aggressive hybrid funds and balanced hybrid funds received an inflow of Rs 354 crore and Rs 50.63 crore, respectively.

Equity savings funds saw the highest outflow of Rs 1,132 crore, followed by dynamic asset allocation funds and conservative hybrid funds that saw an outflow of Rs 852 crore and Rs 349 crore respectively.

Index funds

Index funds received an inflow of Rs 3,090 crore in October compared to an outflow of Rs 3,614 crore in the previous month. Equity-oriented index funds received the highest inflow of Rs 1,947 crore, followed by debt and hybrid-oriented index funds that received an inflow of Rs 1,134 crore and Rs 8.27 crore, respectively.

Life cycle funds

Life cycle funds received an inflow of Rs 96.36 crore in October compared to an inflow of Rs 143.75 crore in the previous month, registering a decline of 33% on a monthly basis. Life Cycle Fund with Maturity of 30 Years received the highest inflow of Rs 89.71 crore.

ETFs

ETFs that include seven sub-categories received an inflow of Rs 20,303 crore in October, registering a growth of 31% on a monthly basis from an inflow of Rs 15,501 crore in the previous month. Equity-oriented ETFs received the highest inflow of Rs 12,973 crore in the same period.

Open-ended mutual funds received an inflow of Rs 1.73 lakh crore in October against an outflow of Rs 1.33 lakh crore in the previous month. The net assets under management (AUM) went up marginally to Rs 83.23 lakh crore in October compared to an AUM of Rs 82.49 lakh crore in the previous month.

A total of 28 new funds were launched in the month of October which together collected Rs 3,829 crore. Out of these 28 funds, ICICI Prudential Contra Fund contributed the maximum of Rs 1,488 crore.