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MOSL: INDIA MUTUAL FUND INDUSTRY: Net flows rise further, buoyed by liquid and equity schemes

INDIA MUTUAL FUND INDUSTRY: Net flows rise further, buoyed by liquid and equity schemes

 

• Overall net inflows came in at INR462b for Nov'21 (v/s inflows of INR383b reported in Oct'21). The flows are highest seen in the past five months.
• Industry flows stood at INR2.5t in FY22YTD (v/s INR2.7t in FY21YTD), driven by strong flows in equity (INR666b) and hybrid (INR889b) schemes. Debt schemes saw outflows of INR297b.
• The number of folio additions remained strong at 2.6m, driven by equity, hybrid, and other schemes. Liquid funds saw a further reduction in the folio count.
• SIP flows reached new highs of INR110b, indicating growth of 51% YoY and 5% MoM. The number of SIP accounts opened up during the month stood at ~1.4m. 

Debt + liquid see net outflows in Nov’21

Debt flows turned negative yet again (four of eight months in FY22 have seen negative flows) at INR379b (v/s inflows of INR183b in Oct’21). The higher quantum of outflows was attributable to outflows from most of the sub-segments. More pronounced outflows were seen in the Low Duration, Ultra Short Duration, Corporate Funds, and Banking & PSU Fund schemes. Liquid funds saw net inflows of INR528b (v/s outflows of INR64b in Oct’21). Debt AUM remained flat MoM at INR10.5t, whereas liquid AUM saw marginal growth of 1.8% on a MoM basis; it witnessed decline of 3.5% YoY.