MF assets crossed Rs 30 lakh crore for first time in November

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AUM
Equity
Assets Under Management
Debt
AMFI
MF

December 09, 2020

MF assets crossed Rs 30 lakh crore for first time in November

The Indian mutual fund (MF) industry’s assets under management (AUM) expanded 6.3% on-month in November 2020, to settle at a record high of Rs 30.01 lakh crore. The fresh high follows October’s record of Rs 28 lakh crore. Inflows in open-ended debt funds coupled with mark-to-market (MTM) gains from equity market contributed to the rise in the industry’s asset base in November, even as investors continued to exit equity-oriented and hybrid schemes.

Equity funds saw fifth-consecutive month of outflows

Investors continued to exit open-ended equity-oriented schemes in November, with outflows accelerating from Rs 2,725 crore in October to ~Rs 12,917 crore, primarily because of profit-booking, as domestic equity markets hit record highs during the month – the benchmark equity indices, S&P BSE Sensex and Nifty 50, advanced ~11% each on-month.

In fact, November marked the first time there were outflows across all open-ended equity categories since April 2019, when the Association of Mutual Funds in India changed its format of dissemination. Large cap funds bled the most within the category, at ~Rs 3,289 crore. Multi-cap funds and value / contra funds were at second and third, with net outflows of Rs 2,842 crore and Rs 1,323 crore, respectively. Dividend yield funds posted the lowest net outflow, at ~Rs 70 crore

Outflows notwithstanding, mark-to-market gains pushed up the open-ended equity fund asset base ~10% on-month to Rs 8.58 lakh crore, marking the first time the category crossed the Rs 8 lakh crore threshold.

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