Mutual Funds: Cumulative Inflows Breach Rs 20,000 Crore Mark in Aug ’23

The mutual fund industry experienced a new high, with total assets tipping at Rs 47 lakh crore in August 2023. The pie included Rs 24 lakh crore in equity, hybrid and solution-oriented schemes.

Apart from new fund offers, inflows were brimming at Rs15,200 crore in August 2023 as compared to Rs 4,600 crore in the previous month.

Total inflows, including new fund offers (NFOs) in August 2023, surged to Rs 20,200 crore compared to Rs 7,600 crore in July 2023. Similarly, the systematic investment plans (SIPs) numbers stood at Rs 15,814 crore for equity-oriented funds.

Investors also warmed up to mid-cap funds, the numbers for which stood at Rs 2,500 crore in August 2023 as compared to Rs 1,600 crore in July 2023. Multi-cap funds witnessed inflows of Rs 2,000 crore compared to Rs 1,000 crore in the previous month.

At the same time, large-cap funds continued to experience outflows, while thematic funds flows surged by Rs 2,500 crore.

Similarly, small-cap funds witnessed inflows of Rs 4,265 crore in August 2023 compared to Rs 4,171 crore in July 2023. The inflows in the past eight months, from January 2023 to August 2023, stood at Rs 26,000 crore.

In 2022, in the same period from January to August 2022, inflows registered were Rs 13,000 crore. In debt funds, corporate bond funds witnessed higher inflows after a significant gap.

In the past six months, pharma and infra funds emerged as top performers, while IT funds made a recovery and stayed relatively strong. On the other hand, infrastructure funds maintained their consistent outperformance in the past one year as cyclical sectors outperform stable sectors like IT and pharma.

The banking sector, just like the infrastructure sector, has been leading the categories in terms of performance in the past one year.

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