Do you have Debt Index funds in your portfolio? Are you comparing the debt index funds to choose which one to invest in? It’s interesting to see how different maturities on the yield curve with different combinations of debt products are being chosen by fund managers to help you grab good investment opportunities. Do go through our explainer on debt index funds to get a better picture of this product.
Equity MFs Performance and Activities – Sept, 2021
- Equity mutual funds received net inflows of ₹ 8677 crore in September. Overall most of equity mutual schemes underperformed compared to benchmark indices.
- Overall considering all equity mutual fund schemes, there was selloff in Bharti Airtel, SBI, Sun Pharma, Bajaj Finance, Tata Steel, IRCTC and Hindalco. There was buying in HDFC Bank, Infosys, Reliance, ICICI Bank, Axis Bank, Kotak Bank, HCL Technologies and ITC.
- It is very interesting to know which schemes received major inflows, which schemes faced redemption pressure and fresh stock picks during September month.
For all these snippets and much more please read through our report.
MF Flows – September 2021
- Average Assets Under Management (AAUM) of Indian Mutual Fund Industry for the month of September 2021 stood at INR 37.41 lakh crs up 3.64% compared to the earlier month.
- Equity Oriented Schemes witnessed inflows of INR 8.67k Crs in September. Multicap funds saw the biggest inflow at INR 3,569 crs.
- Dynamic/Balance Advantage funds witnessed INR 5.2K crs inflow whereas Arbitrage Funds saw outflows of INR 3K Crs due to low returns
- SIP inflows increased to record high of INR 10,351 Crs in September.
- Debt Funds saw outflow of INR 64k Cr compared to INR 1k Cr inflow in August which could be largely due to Quarter end requirements. Overnight funds followed by Floaters saw the biggest inflows in the debt category.
- SBI Mutual Fund continued to enjoy the top slot for the 7th consecutive quarter. However, HDFC leads SBI in terms of total Debt AAUM for the quarter.
For all these snippets and much more please read through our report.
Mutual Fund Flows – August 2021
The Average AUM of the Mutual Fund Industry increased by 2.70% in August over July 2021.
Equity oriented schemes saw a net inflow of INR 8,667 crs during the month while Hybrid schemes witnessed a net inflow of INR 18,706 crs.
SBI Balanced Advantage Fund became the highest grossing equity NFOs till date, notching up INR 13,000 crs.
Debt Mutual Fund schemes saw net inflows worth INR 1,074 crs as compared to INR 73,694 crs in July.
Floater Funds attracted the largest chunk of investment followed by Corporate Bond funds.
Overnight and Low Duration funds saw big withdrawals.
Nifty 50 – Days and Date Analysis
Is there a particular day of the week that NIFTY gives better than average returns? Ever wondered what is the best date for your SIP or SWP? Drivers for market’s highs and lows can be many, however some days have proven to be more reliable than others in the past.
The disclaimer remains that past performance is not a guarantee of performance in the future… but here is an analysis of which days of the week has Nifty performed better or which SIP dates have worked well in the past.
Mutual Fund Flows – July 2021
Equity Mutual Funds logged one of their best monthly inflows in July, buoyed by the success of New Fund Offerings (NFO’s) launched to tap positive investor sentiment towards the equity markets.
ICICI Prudential Flexicap Fund garnered ₹9,808 crore, touted to be the highest ever inflows in such funds. As a category, flexi-cap funds saw a net inflow of ₹11,508 crores in July, showed Amfi data.
Inflows into Arbitrage funds witnessed a sharp increase at ₹14,924 crore, from the ₹9,060 crore that came in June 2021
In the Debt category, the biggest inflows came from liquid funds and money market funds.
Credit-risk funds saw a net inflow for the third straight month in July.
For all this and much more, please go through our Report: “Mutual Fund Flows-July 2021”
Knowledge Series: Yield Curve Part 2
In Part 1 of Yield Curve we discussed the possibilities of yield curve movements due to various economic factors. By actively studying the current macro and micro economic situation fund managers speculate future movement of the yield curve and strategise their investments. Here are some of the commonly used strategies in the Indian mutual fund industry.
Mutual Fund Flows – June 2021
Average Assets Under Management (AAUM) of Indian Mutual Fund Industry for the month of June 2021 stood at ₹ 34.10 lakhs crs, an increase of around 3.3%.
Equity funds witnessed inflows of INR 5.98k crores. Arbitrage Funds, Balanced Advantage Funds and ETFs were the biggest gainers.
Debt Funds saw inflows of INR 3.5k Crs with flows largely into Floater and Low Duration Funds. Money Market and Ultra Short Funds were the big losers here.
SBI AMC continued its reign over the top spot both in terms of Average AUM and absolute increase in AUM over the quarter.
Knowledge Series: Yield Curve
We keep hearing economists, financial analysts and our fund managers talk about yield curves while giving an insight on the economy or strategies being used by them. The idea of this knowledge series is give us an understanding of yield curves, their movements and its significance.
Mutual Fund Flows – May 2021
Equity mutual funds saw sharp inflows, an indication that with receding pandemic numbers, people are renewing faith in the markets.
The biggest gainers in the equity category were ETFs, Index funds and Funds investing overseas. Arbitrage funds due to its tax advantage over liquid and ultra short term funds grew by INR 4,521 crs.
The Debt funds have been out of flavour due to lower returns. The biggest loser’s were liquid and overnight funds along with FMPs. The total debt funds outflows were INR 44,512 crs.
For all this and much more please go through our “Mutual Fund Flows – May 2021.”