MOSL: FUND FOLIO (September 2017)-Indian Mutual Fund Tracker — AUM scales new highs-global cyclical's see buying

​FUND FOLIO (September 2017): Indian Mutual Fund Tracker — AUM scales new highs; global cyclicals see buying

Net inflows in August at INR204b – highest-ever in a month

• Equity AUM rose for the ninth consecutive month in August to scale a new high of INR6.4t (+2.3% MoM and +37% CY17 YTD).
  
• The increase in equity AUM was led by a rise in equity scheme sales to INR325b (+16% MoM) and a fall in redemptions by 21% MoM to INR121b (as market indices were down; Nifty -1.6% MoM), leading to a rise in net inflows (INR204b, +60% MoM).
  
• Falling interest rates on bank deposits and dimming appeal of traditional asset classes like real estate and gold are the key reasons for huge inflows in mutual funds. Notably, net inflows of INR204b in August were the highest-ever in a month.
  
• Total net inflows of the MF industry in CY17 YTD stand at INR2,478b, two thirds of which are contributed by equity funds and income schemes. All categories of funds, except GILT, gold ETFs and FOF, have witnessed positive inflows.
  
• In August, 982k new SIP accounts were added, taking the total SIP accounts to 15.9m. The total amount collected through SIP during the month of August was INR52.1b, up ~50% YoY.