Welcome to our monthly Mutual Funds analysis, where we dive into the AMFI’s latest data to help you understand key market trends and make informed investment decisions. This August, we’ve observed some interesting shifts in the Mutual Funds landscape. Below are the details.
Industry Highlights.
Mutual Fund AUM All-Time high : The industry’s assets under management soared to a record ₹66.70 lakh crore, powered by strong net inflows and mark-to-market gains in both equity and debt markets.
Folio Count Surpasses 20 Crore : The Mutual Fund industry witnessed the folio count crossing the 20 crore mark, with over 61 lakh new folios added in August. This indicates a strong and growing investor base, particularly in retail-focused schemes.
Source: AMFI, CRISIL MI&A Research
Types of Mutual Funds and Their Performance
Key Highlights and Unique Observations:
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Equity Funds: With an all-time high AUM of ₹30.09 lakh crore, equity funds continued to attract substantial inflows, reinforcing investor trust in equities amidst market fluctuations.
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Debt Funds: Reached a record AUM of ₹16 lakh crore. The stable inflows highlight the funds’ appeal amid economic uncertainties, drawing investors seeking safer investment avenues.
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Hybrid Funds: Achieved a fresh high with assets totaling ₹8.61 lakh crore, reflecting their popularity among those preferring a balanced investment approach.
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Passive Funds: Assets hit a new peak at ₹11.21 lakh crore, with ETFs leading the surge, highlighting their cost-effectiveness and diversified investment strategies.
SIP (Systematic Investment Plan) Insights
Systematic Investment Plan (SIP) contributions reached a new record of ₹23,547 crore in August. The ever-increasing number of SIP accounts, now at 9.61 crores, signifies a shift towards disciplined and long-term investment practices.
New Schemes Launched in Aug’24
| Category | Scheme Name | Fund House |
|---|---|---|
| Ultra Short Duration Fund | Franklin India Ultra Short Duration Fund | Franklin Templeton Mutual Fund |
| Large Cap Fund | Bajaj Finserv Large Cap Fund | Bajaj Finserv Mutual Fund |
| Sectoral/Thematic Funds | Bank Of India Business Cycle Fund | Bank of India Mutual Fund |
| Invesco India Manufacturing Fund | Invesco Mutual Fund | |
| Motilal Oswal Manufacturing Fund | Motilal Oswal Mutual Fund | |
| Motilal Oswal Business Cycle Fund | Motilal Oswal Mutual Fund | |
| SBI Innovative Opportunities Fund | SBI Mutual Fund | |
| Dynamic Asset Allocation / Balanced Advantage Fund | Canara Robeco Balanced Advantage Fund | Canara Robeco Mutual Fund |
| Index Fund | Aditya Birla Sun Life Nifty India Defence Index Fund | Aditya Birla Sun Life Mutual Fund |
| Bandhan Nifty Bank Index Fund | Bandhan Mutual Fund | |
| HDFC Nifty500 Multicap 50:25:25 Index Fund | HDFC Mutual Fund | |
| Kotak Nifty Midcap 50 Index Fund | Kotak Mahindra Mutual Fund | |
| Navi Nifty 500 Multicap 50:25:25 Index Fund | NAVI Mutual Fund | |
| Others | Aditya Birla Sun Life Crisil 10 Year Gilt ETF Fund | Aditya Birla Sun Life Mutual Fund |
| Groww Nifty Ev & New Age Automotive ETF Fund | Groww Mutual Fund | |
| ICICI Prudential Nifty Metal ETF Fund | ICICI Prudential Mutual Fund | |
| Mirae Asset Nifty500 Multicap 50:25:25 ETF Fund | Mirae Asset Mutual Fund | |
| Motilal Oswal Nifty India Defence ETF Fund | Motilal Oswal Mutual Fund |
Happy Investing,
Saurav Parui.