Mutual fund data released for the month of August by Association of Mutual Funds in India (AMFI) shows that equity inflows have seen a 12 percent uptick compared monthly. The reading has crossed Rs 9,090 crore for the first time after March 2019, which was an anomaly considering fiscal year end investments. SIP flows have remained steady as usual and has come slightly above the Rs 8,000 crore mark.

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August inflow in equity schemes

Balanced funds failed to take off in August. July had seen a trend reversal and the reading had come in positive (Rs 674 crore) for the first time in this calendar year. August saw a Rs 879 crore outflow.

Liquid funds continued to come back on track. After seeing a slip of over Rs 1.5 lakh crore in June, the reading picked up in July (Rs 45,441 core) and the August reading has bettered it at Rs 79,428 crore.

Which are the preferred bets?

A closer look at the data shows that multicap funds have seen a significant interest and are up 383 percent when compared to July data. What’s also interesting is that largecap and small cap funds have seen positive interest and are up 35 percent and 56.5 percent respectively. However, midcap funds have seen outflows and are down 23.4 percent. Focused funds have also seen a degrowth of 57 percent.

Money flow in August equity funds

First Published:Sept 9, 2019 3:38 PM IST