*MF Fundflows, AUM, Folios summary for the month – MAY-2021*
(Amount in Rs.)
*Net Outflows:* -38602 Crs
*Total AUM:* 33,05,660 Crs, New High (by Mth end)
*Total Folios:* Crossed 10 Crs milestone, at 10.04 Crs, New High
*Monthly Fund flow highlights:*
Equity attracted inflows of 9235 crs, 3rd most in 26 Mths.
Major Net Inflows (O.E schemes): Multicap 1954 crs, helped by a NFO ; Midcap 1368 crs, up 74% from 3M avg ; Focused fund 1169 crs, up 142% from 3M avg helped by a NFO ; Sector/Thematic 1137 crs .
Major Net Outflows: ELSS -290 crs. Close ended equity -848 crs, a 6M high.
Gross redemptions of Open-ended Equity reduced to 15551 crs, a 11M low.
SIP Inflows in May’21: 8818 crs, 2nd most historically ; SIP A/cs: above 3.79 Crs, a new high
Debt suffered net inflows at -63454 crs. Debt (Ex-liquid and O/n) remained net outflows at -38602 crs.
Major Net Inflows: Low dur 7823 crs, 6th most in 26M ; Money mkt 4334 crs, down -43% from 3M avg ; Ultra short dur 2924 crs ; Medium to long dur 847 crs, highest in 26M.
Major Net Outflows: Liquid -45447 crs ; Overnight -11573 crs, 3rd worst in 26M – both a surprise in middle of the quarter ; Corp. bond -1468 crs ; Banking & PSU -1340 crs – both at 4th low in 26M . Close ended Debt -18942 crs, near multi year high outflows, mostly due to redemptions across nearly 69 schemes, highest in recent months.
Hybrid received net inflows of 6217 crs, 4th best in 26M.
Net Inflows: Arbitrage 4521 crs, down -11.7% from 3M avg ; Dyn AA / Bal Adv 1363 crs, 4th best in 26M. Equity savings saw it’s first inflow in 26 mths at 382 crs (without NFO). Cons. Hybrid 395 crs, most in 26M, in part helped by a NFO.
Net Outflows: Aggressive hyb -435 crs, 3rd best in 26M ; Multi Asset Alloc -8 crs.
Solution saw net inflows of 68 crs.
Others pulled net inflows of 9332 crs, up 63% from 3M avg inflows.
Net Inflows: Other ETFs 5380 crs, up 99% from 3M avg ; Overseas FoF 2424 crs, an all-time high monthly inflow, helped by 2 NFOs ; Index fund 1241 crs, 3rd most in 26M ; Gold ETF 288 crs, down -53% from 3M avg.
Net Outflows: Nil.
NFO sales in May’21: 5910 crs across 12 schemes (53% from Equity ; 28.8% Overseas FoF ; 7.5% Other ETFs).
Between May’20 to May’21: Number of open ended schemes went up by 60 with more NFOs coming in (Equity 27 ; Other ETFs 21 ; Index 12 ; Overseas FoF 8 ; Hybrid 6 ; Soln 2. Debt schemes were down -16) ; Close ended scheme count decreased by -289 (Debt 250 ; Equity 39) primarily owing to maturities and dryness in fresh offerings. Total schemes stood at 1597 (OE: 1027 ; CE: 570).
April/May usually witnesses higher maturity of close ended debt schemes, that were launched at the end of previous FYs, with the timeline advantage of additional year of indexation.
*Monthly Folio change highlights:*
Industry witnessed highest ever monthly folio addition of 1867436 in May’21. The previous high was in Jan’18 at 18.45 lakh folios.
Equity added 1078091 folios, most likely a multi-year high.
Major Folio Additions: Sector / Theme 218854, 3rd most in 25M ; Smallcap 167498, 25M best ; Flexicap 140234 ; Midcap 127751, 2nd best in 25M.
Major Folio Reductions: Value/Contra -182, 2nd best in 25M (lowest reduction).
Debt lost -3035 folios. Debt (ex-liq/on) ended up adding a meagre 178 folios, reversing from 2 mths of reductions.
Major Folio Additions: Corp. bond 11254, despite outflows, up 159% from 3M avg ; Short dur 7536 ; Medium dur 3632 ; Ultra short dur 3224.
Major Folio Reductions: Liquid -3819 ; Low dur -2317, 3rd mth in a row ; Gilt -2091, 4th mth in a row.
Hybrid added 62739 folios, 4th most in 25M.
Folio Additions: DAA / Bal Adv 29816, down -45% from 3M avg ; Cons. Hybrid 17006, most in 25M.
Folio Reductions: NIL.
Solution funds added 2376 folios.
By: via @AlliesFin Serve Stock Market
