Outflows From Equity Mutual Funds At Record High of Rs 4,000 Crore In August

In August, equity mutual funds witnessed record-breaking net outflows of Rs 4,000 crore, as per data released by the Association of Mutual Funds in India (AMFI). In comparison, equity mutual funds witnessed net outflows of Rs 2,480 crore in July, which was the highest outflows in over four years, while in June, there were positive inflows worth Rs 240 crore.

In August:

• 7 out of 10 equity-oriented mutual fund categories witnessed net outflows.
• Total mutual fund industry saw outflows of Rs 14,553 crore and inflows of Rs 89,813 crore.
• Equity AUM (assets under management) were up by 5 percent month-on-month to Rs 7.66 lakh crore.
• Total mutual fund industry AUM was up 2 percent month-on-month to Rs 27.78 lakh crore.
• Net outflows rose 61 pecent from the previous month, indicating a considerable expansion in negative inflows.
• Liquid funds saw outflows of Rs 15,814 crore when compared to inflows of Rs 14,055 crore.
• Balanced funds outflows rose to Rs 2,355 crore from Rs 2,196 crore.
• Inflows through SIPs (Systematic Investment Plans) also saw a marginal dip from Rs 7,831 crore in July to Rs 7,791 crore in August.

The outflows in equity mutual funds were mainly contributed by the large-cap equity mutual funds which saw the highest net outflows of over Rs 1,500 crore during August, followed by multi-cap fund category which saw negative inflows to the tune of Rs 1,157 crore. Total inflows into the category were Rs 14,558 crore and total redemptions were worth Rs 18,558 crore.