Equity inflows go up in August 2019

By Ravi Samalad |  10-09-19 | 
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About the Author
Ravi Samalad is Assistant Manager - Editoral for Morningstar.in.

Even as markets remained volatile, investors continued to allocate money in equites through systematic investment plans (SIPs). The latest Association of Mutual Fund in India (AMFI) data shows that the industry collected Rs 8,230 crore in August 2019 through SIPs. Mid and small cap indices have seen a sharp correction of around -13% year to date. To benefit from this fall, investors have been allocating money in this segment.

Net inflows in open end equity funds increased by 13% from Rs 8,113 crore in July 2019 to Rs 9,152 crore in August 2019. Of Rs 9,152 crore, 28% or Rs 2,583 crore inflows came in large cap funds, mid and small cap category collectively mopped up Rs 2,375 crore while multi caps received Rs 1,581 crore.

Open end debt funds recorded a healthy 47% jump in net inflows to the tune of Rs 91,127 crore as against Rs 61,845 crore in July 2019.  This was primarily due to higher inflows in liquid funds which collected Rs 79,428 crore vis-a-vis Rs 45,441 crore in July 2019. Of Rs 91,127 crore inflows, liquid fund inflows accounted for 87% of the inflows.

Collections from new fund offers stood at Rs 1,363 crore. The assets under management of the industry increased from Rs 24.53 lakh crore in July 2019 to Rs 25.47 lakh crore in August 2019.

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