Motilal Oswal - MOSL: FUND FOLIO (October 2018)-Indian Mutual Fund Tracker â€” AUM consolidates in Sep Technology climbs to second position in MF allocation

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Motilal Oswal

Deven Mistry

MOSL: FUND FOLIO (October 2018)-Indian Mutual Fund Tracker â€” AUM consolidates in Sep Technology climbs to second position in MF allocation

FUND FOLIO (October 2018): Indian Mutual Fund Tracker — AUM consolidates in Sep; Technology climbs to second position in MF allocation

Key observations

Equity AUM of domestic mutual funds (MF) declined 6.6% MoM to INR8t in September, bucking the trend of the previous two months (increased by 5.4% in July and 3.6% in August).
The fall in equity AUM can be ascribed to market correction in September (Nifty down 6.4%). While equity scheme sales declined 3.1% MoM to INR274b, redemptions fell sharply by 27.8% MoM to INR161b. Net inflows, thus, rose from INR59b in August to INR113b in September.
Total AUM of the MF industry fell 12.5% MoM to INR22t in September, after surpassing the INR25t mark in August. The fall was primarily led by a decline in AUM of liquid funds (by INR2095b), equity funds (by INR566b), income funds (by INR342b) and balanced funds (by INR109b).
Equity AUM, as a percentage of India’s market capitalization, is at an all-time high of 5.6% (+60bp YoY).

15/10/2018 28 EN

Provider

Motilal Oswal

Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.

Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.

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Analysts

Deven Mistry

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MOSL: FUND FOLIO (October 2018)-Indian Mutual Fund Tracker â€” AUM consolidates in Sep Technology climbs to second position in MF allocation

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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