Mutual fund assets registered a rise in the month of August, largely aided by strong flows in liquid schemes even as retail flows remained flat and that of systematic investment plans (SIPs) witnessed a marginal dip.
According to the Association of Mutual Funds in India (AMFI), the total assets under management (AUM) of the mutual fund industry was pegged at ₹2.81 lakh crore, marginally higher than July’s ₹2.78 lakh crore.
Among the different categories of funds, liquid funds registered the highest quantum of inflows at nearly ₹79,500 crore, while the overall debt/income category saw net inflows of nearly ₹91,127 crore, higher than the previous month’s flows of ₹61,845.54 crore.
Equity funds also witnessed a rise in terms of inflows with August net flows pegged at ₹9,152.43 crore as against July’s ₹8,112.52 crore.
“Retail investor interest in equity mutual funds, for the fourth time in succession, continues to be steady, displaying maturity, despite uncertain economic and volatile market situation,” said N.S. Venkatesh, CEO, AMFI.
Flows through SIPs, however, were pegged at ₹8,230.76 crore in August, lower than the previous month’s net flows of ₹8,324.28 crore. Further, the SIP AUM, which largely includes retail money, stood at ₹2.71 lakh crore in August compared with July’s nearly ₹2.69 lakh crore.
Figures for retail AUM came in at ₹10.71 lakh crore in August, almost unchanged compared to the previous month’s ₹10.70 lakh crore.
The total number of folios rose to 8.54 crore in August, from July’s 8.48 crore. The folio count has risen 11% from a year earlier.
On the outlook for September, Mr. Venkatesh said that while liquid funds might see little volatility due to quarter-end phenomenon, other categories of funds should see a positive trend with SIP numbers also expected to be robust.