Mutual fund inflows flat in September 2021; Assets Under Management rises to ~Rs37 lakh crore: AMFI

At Rs36,73,893.13 lakh crore, the Net AUMs for the Indian Mutual Fund Industry has shown consistent growth.

Oct 11, 2021 04:10 IST India Infoline News Service

According to the AMFI data released on Friday, inflows to equity mutual funds stabilised in September 2021 and were almost similar to August figures.

Multi-cap funds saw the biggest inflow of Rs3,569.45cr while sectoral and flexi-cap funds saw net inflows of Rs2,000cr each. Apart from ELSS, small-cap funds also witnessed outflows in September 2021.

At Rs36,73,893.13 lakh crore, the Net AUMs for the Indian Mutual Fund Industry has shown consistent growth.

At 11,16,69,776 crore folios, MF industry has added 31,16,514 folios MoM. To put into perspective, this is a meteoric rise at 89.15 lakh folios in first 6 months of FY22, the MF industry added over 81 lakh folios in FY21, between April 2020 to March 2021.

gFolios under r etail schemes (Equity+Hybrid+Solution Oriented Schemes) at Rs9,15,36cr are also at an all-time high. Monthly SIP Contribution collected at Rs10,351.33cr is at an all-time high.

SIP AUMs for Sept 2021 Rs5,44,975.96 lakh cr, is now almost a third of Total Retail AUMs of Rs17.72 lakh crore and new SIPs registered during Sept 2021 at 26,79,566 lakhs is highest ever registration and has led to MF Industry reporting a record high 4,48,97,602 SIP Accounts. In Sept 2020, SIP Accounts stood at 3.34 crores.

Retail AUMs (Equity+Hybrid+Solution Oriented Schemes) at an all-time high at Rs17,72,049cr, now forms 48.23% of Total Industry AUMs at INRs36.73 lakh cr.

Mr. N S Venkatesh, Chief Executive, AMFI said, “Mutual Fund monthly SIP contribution breaching Rs10,000cr milestone for the first time ever and industry AUMs touching all time high at Rs36.73 lakh cr is historic, and is reflective of continued retail investor confidence in the mutual funds. Retail Investors are preferring Mutual Funds, over low-yielding traditional savings avenue like Bank FDs, and also Gold and Real Estate. On the back of rapidly improving economic scenario aided by conducive RBI policy and easing of Covid related restrictions, equities asset class would continue to deliver superior risk adjusted returns.”

Lakshmi Iyer, Chief Investment Officer (Debt) & Head Products, Kotak Mahindra Asset Management Company

"September being a quarter saw net outflows from liquid, ultra short,low duration  category schemes. This was broadly an expected outcome. We also saw continued momentum in NFO collections in index funds/ETFs which remain buoyant."

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