In August 2023, people invested a lot more money in equity mutual funds than they did in July this year. The amount of investment reached a high point for the past five months, totalling Rs 20,245.26 crore. In July, it was much lower at Rs 7,625.96 crore, representing a 165% jump from the previous month’s inflow.
However, when it comes to debt mutual funds, people took more money out than they put in during August, amounting to Rs 25,872 crore.
For a third type of investment called ETFs, in August, people put in Rs 1,893 crore, which is more than the Rs 353 crore they took out in July. Other schemes such as Index funds and Gold ETFs also registered an inflow of Rs 1,986 crore and Rs 1,028 crore during the same period.
If we compare the net inflow across all categories of funds, it was Rs 14,385 crore in August, compared to Rs 82,046 crore in the month of July.
As per the data provided by the AMFI, the total Asset under management (AUM) stood at Rs 46.63 lakh crore showing a moderate growth of 0.57% from Rs 46.37 lakh crore in the July month.
Let’s delve into the category-wise inflows in the equity schemes in the last month:
| Equity Oriented Schemes | Inflow / (Outflow) in August Rs in Cr | Inflow / (Outflow) in July Rs in Cr | Growth % |
| Sectoral/Thematic Funds | 4,805.81 | 1,429.33 | 236.2% |
| Value Fund/Contra Fund | 1,364.62 | 702.96 | 94.1% |
| Large & Mid Cap Fund | 2,113.16 | 1,326.77 | 59.3% |
| Mid Cap Fund | 2,512.34 | 1,623.33 | 54.8% |
| Multi Cap Fund | 3,422.14 | 2,500.47 | 36.9% |
| Dividend Yield Fund | 416.29 | 342.41 | 21.6% |
| Small Cap Fund | 4,264.82 | 4,171.44 | 2.2% |
| Focused Fund | -471.10 | -1,066.72 | -55.8% |
| Large Cap Fund | -348.98 | -1,880.00 | -81.4% |
| ELSS | -26.69 | -591.87 | -95.5% |
| Flexi Cap Fund | 2,192.86 | -932.17 | -335.2% |
| Total | 20,245.26 | 7,625.96 | 165.5% |
Among all the categories, a total of 15 new schemes were launched in the month of August, and the total funds mobilised are Rs 7,531 crore as per the data provided by the AMFI today.
Some of them are HDFC Charity Fund for Cancer Cure, Mirae Asset Multicap Fund, HDFC Transportation and Logistics Fund, HSBC Consumption Fund, Kotak Quant Fund, quant Manufacturing Fund, Bajaj Finserv Flexi Cap Fund, Bandhan Nifty IT Index Fund, Kotak Nifty Financial Services Ex-Bank Index Fund, Kotak S&P BSE Housing Index Fund and so on.
In August according to data from the Central Depository Service and National Securities Depository, the number of demat accounts opened totaled over 31 lakh, marking the highest account opening rate since January 2022, compared to 29.7 lakh additions a month ago and 21 lakh a year ago.
The total demat tally crossed 12.66 crore, up 2.51% from a month ago and 25.83% from a year ago. August marked the highest number of additions in 19 months.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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