MF Update: December 2020 AUM at Rs 31.02 lakh crore
The asset under management (AUM) of the domestic mutual fund industry has increased by 3.4 per cent on monthly basis to Rs 31.02 lakh crore for the month of December 2020. The increase in AUM was primarily driven by an increase in asset under management of equity-oriented schemes. It has increased by little more than 5.7 per cent on the month on month basis. This is despite equity dedicated mutual fund witnessing Rs 10,147 crore of outflows in the month of December 2020. This is the sixth continuous month of outflows in the equity-oriented fund. All the sub-categories saw net outflow in the month of December 2020 except for Sectoral/Thematic funds, which saw an inflow of Rs 3412 crore. At the end of December 2020, total AUM of equity-oriented funds was at Rs 9.06 lakh crore compared to Rs 8.57 lakh crore at the end of November 2020. The increase in the AUM was primarily led by the increase in mark to market gain by the equity dedicated fund. In the month of December 2020, frontline equity indices increased by 6.7 per cent.
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Particulars (Rs Cr)
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Nov-20
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Dec-20
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Change
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|
Total AUM
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30,00,904.42
|
31,02,475.50
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3.4%
|
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Equity Oriented Schemes
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8,57,510.40
|
9,06,766.98
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5.7%
|
|
Debt Oriented Schemes
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13,87,128.99
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14,06,042.20
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1.4%
|
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Hybrid Schemes
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3,10,572.19
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3,17,572.00
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2.3%
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Debt dedicated fund for the month of December 2020, saw total inflows to the tune of Rs 13862.77 crore. Overnight Fund, Liquid Fund and Corporate Bond Fund saw inflows in the month of December 2020 while, Money market fund, Ultra Short Duration Fund and Gilt Fund saw net outflow in the month of December 2020.
Hybrid funds that invest in both equity and debt are another category that saw continued negative net inflows. Even this category saw a huge redemption to the tune of Rs 5932 crore in the month of December 2020. All the sub-category saw net outflow, except for Conservative Hybrid Fund. Nonetheless, due to the rise in the value of equity, there was an increase in AUM in the month of December.
Inflows into ETF continue saw good traction and for the month of December 2020, it saw net inflows of Rs 6831.34 crore.
Inflows through SIP also saw a sharp increase in the month of December 2020. It crossed Rs 8000 crore per month after remaining below it for a few months.