Mutual Fund Flows – August 2024

September 11, 2024

The Mutual Fund industry’s average AUM grew by 2.06%, reaching an impressive ₹65.04 lakh crore in August.

SIP investments hit a record high of ₹23,547 crore, marking 14 consecutive months of all-time high inflows.

Large Cap Funds witnessed a nearly 300% surge in inflows.

In contrast, Hybrid schemes saw a 43% decline in inflows.

Passive funds maintained their steady momentum, despite a slight decrease in inflows.

The average AUM of Debt Funds increased by 1.67%, despite a 62% decline in inflows, with Overnight Funds receiving the highest inflows.

For an in-depth exploration, read through our comprehensive Mutual Fund Flow Report for August, 2024.

August Market Pulse: Monthly Investment Insights

September 11, 2024

FII Strategy Shift: Buying in Equity Markets – After a strategic shift in the second half of August, FIIs turned buyers in the domestic equity market, recording net purchases of ₹7,322 Crs. Notably, ₹12,872 Crs was channeled into primary markets, such as IPOs, signaling their confidence in new opportunities.

FIIs Boost Indian Debt Market in 2024’s Best Year Yet – FIIs have demonstrated strong confidence in the Indian debt market, making a significant investment of ₹17,953 Crs in August alone. With total debt inflows reaching ₹108,907 Crs in 2024 so far, this year is shaping up to be a record-breaking one for FII debt investments.

Mutual Funds Extend Equity Buying Streak – Mutual Funds continued their buying streak in August, injecting ₹31,685 Crs into the domestic equity markets.

FIIs Offload Heavily in Financial Services and Key Sectors – Despite being net buyers in August, FIIs executed substantial selloffs in the Financial Services sector, unloading a hefty ₹12,008 Crs from Financial Services. Other sectors facing significant FII exits included Metals & Mining, Construction Materials, Automobiles & Auto Components, Realty and Power.

FIIs Maintain Investment in Defensive and Growth Sectors – FIIs showed a strong preference for investments in the Healthcare, Information Technology, Consumer Durables, Consumer Services, FMCG,  Oil & Gas and Telecommunication  sectors in August.

For a comprehensive understanding and more insights, please go through our detailed report.