Nifty 50 – Days and Date Analysis

August 11, 2021

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

August 10, 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

August 6, 2021

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

July 9, 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

June 30, 2021

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

June 11, 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.” 

Mutual Funds Flows – April 2021

May 13, 2021

Despite a surge in COVID-19 cases, Equity oriented schemes saw net inflows of ₹ 3,437 crore in April as against ₹ 9,115 crore in March. 

Sectoral and thematic funds saw the largest net inflow under the equity category.

ETFs and Fund of funds investing overseas were the flavour of the month.

Arbitrage funds were the biggest gainers among the Hybrid category of schemes.

High liquidity in the financial markets led to large inflows in liquid and overnight funds. Money market funds also saw good flows. 

For this and much more please read through our note.

Mutual Fund Flows – March 2021

April 10, 2021

The Financial Year 2021 ended on a better note than expected for the Mutual Fund Industry with an increase in average AUM of 30.20% on a year-on-year basis!

Redemptions were made by corporates and banks in March 2021 leading to a reduction in average AUM of Mutual Fund industry by 0.4% for the month. Apart from payments of advance tax, March is an end of the financial year when institutions tend to book profits to show it on their balance sheets. Earlier credit risk funds were considered as an investment option to get that extra return. This avenue dampened due to the crisis in the economy, decrease in credit ratings and fear of defaults. A lot of money from that segment shifted to schemes like corporate bond funds. Floating rate funds also saw huge inflows as markets feared reversal of interest rates and since these schemes invest in instruments linked to interest rate movement appeared lucrative.

Equity oriented schemes however showed positive inflows of around 9K crores after net outflows for straight eight months. In spite of net out flow of 25245.95 crores from equity-oriented schemes due to the pandemic, job losses and salary cuts an overall growth of 51.13% was witnessed in FY 2021 due to increase in market capitalisation and fresh inflows majorly from retail investors and FIIs. 
For a detailed analysis please refer to our complete report below:

Industry Wise AAUM Analysis

April 8, 2021

With a plethora of challenges like the pandemic, worried investor sentiments and tougher regulations from SEBI, the Mutual Fund Industry showed the will and perseverance to grow.

Shifting a major chunk of the investors to online portals in limited time and making sure that their investments were made on time, were some of the remarkable work done during lockdown.

Now its time for them to look back at the challenges they faced and the AUM they generated!

Mutual Fund Flows – February 2021

March 10, 2021

The Average asset under management (AAUM) of the domestic mutual fund industry has increased by 1.42 per cent on a monthly basis to INR 32.29 lakh crs for the month of February 2021.

February 2021 became the eighth month when the equity-dedicated funds witnessed a net outflow. These outflows were to the tune of  INR 10,468 crore in February 2021 as against an outflow of  INR 9,253 crore in the preceding month.

Inflows via the systematic investment plan (SIP) went through a sharp decline.

Liquid and Money Market Funds were the only two categories that saw significant inflows in the debt category, whereas Short Duration and Corporate Bond Funds witnessed major outflows.

For all these and more such interesting snippets please go through our “Mutual Fund Flows-February 2021”.