Open-end equity funds AUM surges 47% YoY; SBI Mutual fund sees highest inflow in December' 21

The assets under management (AUM) of open-end equity funds surged 47% year on year (YoY) and 4% since the last quarter ended September 2021, said a report on India's domestic fund flows for the quarter ended December 2021 by Morningstar India. Also, with flows of Rs 25,892 crore, SBI Mutual Fund's experienced the highest net inflows (open-end and ETFs) in the third quarter of fiscal year 2021-22. 

"The third-quarter fiscal 2021-22 saw a net inflow of Rs 41,906 crores in open-end equity funds. Their total assets under management of open-end equity funds as of December 2021 stood at Rs 13,33,619 crores, up almost 47% since December 2020 and up 4% since the last quarter ended September 2021. 

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Open-end funds total AUM up 26% in one year

Overall, assets under management of open-end funds stood at RS 37,11,433 crores as of December 2021, up by almost 3% compared to the last quarter September 2021 and up 26% compared to December 2020. 

Meanwhile, among the asset management companies, after SBI Mutual Fund, Edelweiss witnessed the second highest net inflows (open-end and ETFs) at Rs 11,303 crores. Axis with Rs 6,825 crore and ICICI Prudential with Rs 4,937 crore were the next to see highest inflows in the quarter ended December 2021.  

"A significant part of the net inflow in SBI Mutual Fund went into its liquid fund offer (SBI Liquid fund) and a couple of equity ETFs, which helped to garner the highest quantum of flows during the quarter," said the Morningstar India report.  

Among the fund houses, L&T Finance with Rs 4,763 crore, IDFC with Rs 4,604 crore and Aditya Birla Sunlife with Rs 4,093 crores saw the highest net outflows in the same quarter.

New fund offerings 

Also, as per the same report, the third quarter of fiscal-year 2021-22 saw the new fund offering (NFO) of a total of 37 open-end funds (including ETFs) and six closed-end funds. Cumulatively, these funds were able to garner INR 31,055 crores at their inception stage. In 2021, there were 140 new fund offers (including closed-end funds and ETFs). These managed to garner a respectable INR 99,704 crores during their inception stage.