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 September, we’ve observed some interesting shifts in the Mutual Funds landscape. Here are the insights:
Industry Highlights.
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Mutual Fund AUM All-Time high : The mutual fund industry’s assets under management have climbed to a new peak at ₹67.09 lakh crore, with the equity markets contributing significantly through mark-to-market gains.
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Growing Investor Base: The total folio count has exceeded 21 crore, a testament to the robust and expanding interest in mutual funds.
Source: AMFI, CRISIL MI&A Research
Types of Mutual Funds and Their Performance
Key Highlights and Unique Observations:
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Equity Funds: Recorded a significant increase, closing at ₹31.10 lakh crore in AUM, which is 46% of the industry’s total AUM. This growth is propelled by strong inflows and New Fund Offers (NFOs), particularly in sectoral/thematic funds.
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Debt Funds: Despite outflows in short-term schemes due to seasonal tax obligations, long-duration funds have seen substantial inflows, hinting at shifting investor preferences towards longer maturity amid rate cut expectations.
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Hybrid Funds: Assets in Hybrid Funds have also reached new heights totaling ₹8.75 lakh crore, indicating a preference for balanced investment approaches.
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Passive Funds: Continued to grow, reaching ₹11.46 lakh crore, with index funds showing significant inflows, highlighting their appeal in uncertain market conditions.
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Gold ETFs: Amid rising geopolitical tensions and lower yields on US bonds, gold ETFs saw their assets increase by 6.5% in September
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Corporate Bond Funds: Recorded a remarkable increase in net inflows, rising to ₹5,039 crore from ₹667 crore in the previous month. This surge was likely influenced by recent regulatory changes allowing banks more flexibility in their investments in corporate bonds.
SIP (Systematic Investment Plan) Insights
SIPs have achieved a new record with contributions of ₹24,509 crore. The growing number of SIP accounts, now over 9.87 crores, reflects a trend towards disciplined, long-term investment habits.
New Schemes Launched in Sep’24
| Category | Scheme Name | Fund House |
|---|---|---|
| Debt Funds | Franklin India Medium to Long Duration Fund | Franklin Templeton |
| Equity Funds | PGIM India Multi Cap Fund | PGIM India |
| ITI Large & Mid Cap Fund | ITI Mutual Fund | |
| Baroda BNP Paribas Dividend Yield Fund | Baroda BNP Paribas Mutual Fund | |
| Axis Consumption Fund | Axis Mutual Fund | |
| Bandhan Business Cycle Fund | Bandhan Mutual Fund | |
| HSBC India Export Opportunities Fund | HSBC Mutual Fund | |
| Invesco India Technology Fund | Invesco Mutual Fund | |
| Hybrid Funds | Union Multi Asset Allocation Fund | Union Mutual Fund |
| WhiteOak Capital Arbitrage Fund | WhiteOak Capital | |
| Index Funds | Axis CRISIL-IBX AAA NBFC Index – Jun 2027 Fund | Axis Mutual Fund |
| Bandhan Nifty Midcap 150 Index Fund | Bandhan Mutual Fund | |
| Bandhan BSE Healthcare Index Fund | Bandhan Mutual Fund | |
| DSP Nifty Top 10 Equal Weight Index Fund | DSP Mutual Fund | |
| Kotak Nifty India Tourism Index Fund | Kotak Mutual Fund | |
| Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund | Kotak Mutual Fund | |
| Motilal Oswal Nifty 500 Momentum 50 Index Fund | Motilal Oswal Mutual Fund | |
| Nippon India Nifty 500 Equal Weight Index Fund | Nippon India Mutual Fund | |
| Nippon India Nifty 500 Momentum 50 Index Fund | Nippon India Mutual Fund | |
| SBI Nifty 500 Index Fund | SBI Mutual Fund | |
| Tata Nifty200 Alpha 30 Index Fund | Tata Mutual Fund | |
| UTI Nifty200 Quality 30 Index Fund | UTI Mutual Fund | |
| UTI Nifty Private Bank Index Fund | UTI Mutual Fund |
Happy Investing,
Saurav Parui