Industry’s AUM grows MoM as well as YoY in January 2019: According to the Association of Mutual Funds in India (AMFI), Assets Under Management (AUM) of the Indian mutual fund industry increased 2.24% MoM and 4.28% YoY to Rs. 23.37 lakh crore in January 2019. The upside reflects inflows in the Liquid/Money Market and Income categories.
AUM under the Equity (including Equity Linked Savings Schemes or ELSS), Balanced, and other ETFs came in at Rs. 10.57 lakh crore in the month under review as against Rs. 10.73 lakh crore in December 2018.
Industry sees inflows again, Income category witnesses inflows for the first time since April 2018: The mutual fund industry saw net inflows of Rs. 65,439 crore in January 2019 as against net outflows of Rs. 136,951 crore in December 2018. Net inflows from the Liquid/Money Market category came in at Rs. 58,637 crore as against net outflows of Rs. 148,906 crore in December 2018. The upside likely reflects investment by corporates to park short-term cash.
Income category’s net inflows stood at Rs. 2,080 crore in January 2019 as against net outflows of Rs. 3,407 crore in December 2018. The category has seen outflows consistently for the past eight months. Inflows in Equity funds (including ELSS) fell for the third consecutive month and plunged 6.78% MoM to Rs. 6,158 crore amid volatile capital markets and political uncertainty wherein the broader indices remained under pressure. This marked the lowest inflows in almost two years. Meanwhile, net outflows in the Balanced category came in Rs. 952 crore as against net inflows of Rs. 45 crore in December 2018. This is the first net outflow since May 2014 for the category.
0.07 crore new folios added in January 2019: According to data from the Securities and Exchange Board of India (SEBI), the total folio count in January 2019 grew 0.83% MoM and 18.50% YoY to 8.10 crore. A total of 0.07 crore new folios were added during the month under review of which maximum additions were made to the Equity (including ELSS) category followed by Liquid/ Money Market category.
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