According to the Association of Mutual Funds in India (AMFI), Assets Under Management (AUM) of the Indian mutual fund industry came in at Rs24.79 lakh cr in April 2019, up 4.17% against Rs23.80 lakh cr in March 2019. Also, it grew 6.59% from Rs23.26 lakh cr in April 2018.
AUM under Equity, including Equity Linked Savings Schemes or ELSS (includes close-ended and interval schemes), came in at Rs7.38 lakh cr in April 2019, down 12.12% MoM and 0.79% yoy.
Net inflows for schemes with maturity up to 3 years stood at Rs115,014cr.
The mutual fund industry saw net inflows of Rs1,00,460 lakh cr in April 2019 as against net outflows of Rs22,357cr in March 2019. Net inflows in Income/Debt Oriented Schemes came in at Rs1,01,918cr. Under the category, net inflows for schemes with maturity up to three years stood at Rs1,15,014cr.
After surging by more than 120% MoM in March 2019, inflows in Equity funds (including ELSS) fell 64.02% to Rs4,229cr (including close-ended schemes), thereby marking a 31-month low. Investor sentiment was impacted by volatility in stock markets and uncertainty around the outcome of general elections.
Net outflows in Hybrid schemes stood at Rs1,615cr in the month under review. Fixed Term Plans witnessed net outflows of Rs17,644cr in April 2019. Meanwhile, net outflows in Other ETFs category came in at Rs4,259cr as against net inflows of Rs10,540cr in March 2019.
Top 5 fund categories (basis folios) make for around 50% of total industry folios
According to AMFI, the number of folios under the Growth/Equity Oriented schemes were highest in ELSS funds followed by Multi-Cap Funds. Meanwhile, under the Income/Debt Oriented schemes, Liquid funds topped the chart in terms of no. of folios followed by Low Duration funds. Notably, the top five categories in terms of folios (ELSS, Multi-Cap Fund, Large Cap Fund, Sectoral/Thematic Funds and Mid Cap Fund) accounted for approximately 50% of the industry folios.
-With inputs from ICRA