Mutual Funds Data October 2021: Trends in top 20 MFs by equity value

Mutual Funds Data October 2021: Positive sentiments and rallies in the equity markets helped equity-oriented mutual funds to attract Rs 5,215 crore in October, making it the eighth consecutive monthly net infusion. 

However, the quantum of net inflows dropped from September, when it attracted Rs 8,677 crore, data with the Association of Mutual Funds in India (Amfi) showed.

According to Motilal Oswal's Fund Folio Indian Mutual Fund Tracker report document, In Top 20 funds, Value of equity MFs went up 1.3% MoM and 61% YoY.

Total equity value for the top 20 AMCs rose 1.3% MoM (+61% YoY) in Oct’21 v/s an increase of 0.3% MoM (+51.8% YoY) in the Nifty, as per Motilal Oswal's Fund Folio Indian Mutual Fund Tracker report document.

Further, the Motilal Oswal report says that among the top 10 funds, the highest MoM increase was seen in Kotak Mahindra Mutual Fund (3.6%), ICICI Prudential Mutual Fund (2.3%), Mirae Asset Mutual Fund (2.2%), SBI Mutual Fund (2%), and UTI Mutual Fund (1.6%)

Here are Trends in top 20 MFs by equity value, as per the Motilal Oswal report:-

AMFI October 2021 Data

-Equity schemes have been witnessing a net inflow since March this year and the segment has received a net inflow of Rs 73,766 crore during this period, highlighting the positive sentiments among investors. Before this, such schemes had consistently witnessed outflows for eight months from July 2020 to February 2021, losing Rs 46,791 crore.

-The inflow pushed average assets under management (AUM) of the mutual fund industry to an all-time high of Rs 38.21 lakh crore at October-end from Rs 37.41 lakh crore at September-end.

-Within the equity segment, almost all categories saw net inflows, except the value and equity-linked saving scheme (ELSS) categories in October. 

-Healthy inflows were observed in sectoral/thematic, Flexi Cap, Large Cap, Focus and Large & Mid Cap segments.

-Apart from equities, the hybrid category saw net inflows to the tune of Rs 10,437 crore compared to Rs 3,587 crore seen in the previous month.

-In the current market condition, the Dynamic Asset Allocation /Balanced Advantage Fund category emerged as a clear-cut winner, as it has garnered Rs 11,219 crore during the month under review.

-In addition, the Fund of Funds, Index Funds and ETFs too reported positive flows and collectively reported positive flows to the tune of Rs 10,759 crore in October.

-Besides, monthly SIP contribution too reached an all-time high at Rs 10,518 crore during the period under review from Rs 10,351 crore in September.

-The debt segment saw net inflows to the tune of Rs 12,984 crore after seeing a net withdrawal of Rs 63,910 crore in September.

-Overall, net inflow in the mutual fund industry was registered at Rs 38,275 crore last month compared to the net outflow of Rs 47,257 crore seen in September.