Inflows into the equity mutual fund category increased in August. The category received Rs 20,245.26 crore in August, compared to an inflow of Rs 7,625.96 crore in July. Most equity fund categories witnessed inflows except for large cap funds, focused funds, and ELSS funds in August.
Among the equity mutual fund categories, the sectoral/thematic category received the highest inflows of Rs 4,805.81 crore. The sectoral/thematic category has been receiving the inflows since the last three months. The small cap category also attracted investors. The category received a total inflow of Rs 4,264.82 crore, compared to Rs 4,171.44 crore in July.
Focused funds saw the highest outflow of Rs 471.10 crore. The focused fund category has been witnessing outflows since the last five months. Large cap category witnessed an outflow of Rs 348.98 crore. The category has been witnessing outflows for the last four consecutive months.
Overnight funds, floater funds, corporate bond funds, long duration funds, gilt funds, dynamic bond funds, and money market funds witnessed inflows in the debt mutual fund category. Money Market Funds recorded the lowest inflow of Rs 91.49 crore.
Liquid funds recorded the highest outflows of Rs 26,823.68 crore in August, compared to inflows of Rs 51,938.41 crore in July. Ultra Short Duration funds witnessed outflows of Rs 4,123.23 crore.
Overnight funds category received the highest inflow in the debt mutual fund category. The category received an inflow of Rs 3,158.37 crore. Floater funds witnessed the second highest inflow of Rs 2,324.61 crore, compared to an inflow of Rs 2,000.49 crore in July.
The hybrid category witnessed higher inflows in August. The category saw a total inflow of Rs 17,081.68 crore in August, compared to an inflow of Rs 12,420.74 crore in July. All hybrid fund categories witnessed inflows in August.
Arbitrage funds received the highest inflow of Rs 9,482.65 crore. However, the category received an inflow of Rs 10,074.87 crore in July. The dynamic asset allocation/balanced advantage funds stood second in the inflow chart, with Rs 3,616.01 crore. Multi asset allocation funds saw an inflow of Rs 1,617.33 crore in August.
The ‘others’ category which includes Index Funds and ETFs witnessed an increase in inflows in August. The category received a total inflow of Rs 4,535.18 crore in August, as against inflow of Rs 859.63 crore only in July. All categories except for the funds of funds investing in overseas witnessed inflows.
Index funds received the highest inflows of Rs 1,985.68 crore, against an inflow of Rs 1,179.26 crore in July. Other ETFs received a total inflow of Rs 1,892.88 crore in August, followed by Gold ETFs which received inflows of Rs 1,028.06 crore. Fund of funds investing overseas witnessed the outflow of Rs 371.43 crore. The category witnessed outflow for the fifth straight month.
The total assets under management (AUM) in August 2023 increased by merely 0.56% and stood at Rs 46.63 lakh crore, as against Rs 46.37 lakh crore in July.
Around 14 open-ended NFOs were floated in August, which together mobilised Rs 7,343 crore. One close-ended NFO mobilised Rs 188 crore only in August.