Short duration debt funds got a higher inflow in the month of August unlike their long-term counterparts. And so did the focussed and flexi cap funds, while the rest of the equity schemes got a lower inflow, as per the AMFI data for the month of August.
According to the latest data released by the Association of Mutual Funds in India (AMFI), inflow in most short-term debt categories rose in the month of August vis-à-vis July.
In the month of July, the outflow in liquid funds category was ₹-7,692 crore while the corresponding figure for August was ₹50,095 crore.
The inflow in ultra-short funds rose from ₹3,278 crore to ₹6,372 crore. The inflow in low duration funds increased from -645 crore to ₹2,964 crore. The corresponding figures for money market funds were ₹2,638 crore and ₹5,928 crore and for short duration funds, the figures were ₹1,871 crore and ₹2,589 crore.
|Debt funds||July ( ₹crore)||Aug ( ₹crore)|
|Ultra short duration funds||3,278||6,372|
|Low duration funds||-645||2,964|
|Money market funds||2,638||5,928|
|Short duration funds||1,871||2,589|
However, inflows in equity mutual funds hit a 10-month low of ₹6,120 crore in August. However, there were a couple of categories in equity funds also that witnessed an increase.
The inflow in focused funds rose from ₹772.52 crore to ₹886.16 crore. At the same time, inflow in flexi funds rose from ₹1,381.55 crore to ₹2,099.98 crore.
The month of August saw the lowest level of inflow since October 2021, when equity mutual funds had attracted ₹5,215 crore.
Equity schemes have been witnessing net inflow since March 2021. These schemes had witnessed outflows for eight months from July 2020 to February 2021, losing ₹46,791 crore.
The monthly SIP (systematic investment plan) contribution touched an all-time high of ₹12,693 crore in August and the number of SIP accounts too rose to an all-time high at 5.71 crore crossing the June high of 5.61 crore.
Further, mutual fund folios crossed all-time high at 13.64 crore and retail MF folios too touched record high at 10.89 crore.
Overall, the mutual fund industry registered a net inflow of ₹65,077 crore in August compared to ₹23,605 crore in July.
The inflow pushed the Assets Under Management (AUM) of the industry to rise to ₹39.34 lakh crore at the end of August from ₹37.75 lakh crore at the end of July.