11-09-2023 06:06 PM | Source: PR Agency
Key highlights of August 2023 MF Fund Inflow from Sriram BKR, Geojit Financial Services
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Below the key highlights of Aug 2023 MF Fund Inflow data from Sriram BKR, Senior Investment Strategist at Geojit Financial Services.
* Industry saw inflows of Rs.14386 crs, down -67% from the near 3M avg.
* Equity inflows spiked to Rs.20133 crs, 5th most inflows in 4 yrs, partially helped by NFOs.
* Sector/Thematic funds saw most inflows at 4806 crs, 2nd most in 4 yrs, 53% of it coming *from 5 NFOs
* Smallcap funds continued to attract strong inflows at 4265 crs, 2nd most in 4 yrs
* Multicap had inflows of 3422 crs, 5th most in 4 yrs and nearly 41% of it coming from 1 NFO
*Midcap funds had best inflows in 4 yrs at 2512 crs
*Largecap continued with outflows of -349 crs, with pace slowing down
* Debt funds resulted in net outflows of -27555 crs, nose diving from 3M avg by -194%. Debt, ex-Liq & O/n also ended up in outflows of -3890 crs, down -126% from 3M avg
*Overnight saw most inflows in Debt at 3158 crs, followed by Floater at 2325 crs and Corp bond at 1755 crs
*Liquid saw higher outflows at -26824 crs ; Ultra short dur -4123 crs. Gilt: 10-Yr constant maturity had outflows at -218 crs, 2nd low in 4 yrs
*Hybrid inflows stayed healthy at 17082 crs, 3rd most in 4 yrs
*Solution inflows were at 191 crs, 6th most in 4 yrs
*In Others: Gold ETF inflows jumped to it’s 3rd most inflows in 4+ yrs at 1028 crs ; Overseas FoF outflows were at -371 crs, 3rd low in 4 yrs.
* NFO sales during the month came in at 7531 crs, up 117% from 3M avg, across 15 schemes. 66% of it came from 7 Equity schemes and 30% from 1 Balanced Advantage fund.
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