iStockEquity mutual fund category continue to witness net outflows in October as investors continue to sell their equity investments, especially in multi cap mutual funds and value funds, shows the latest Amfi monthly data. Equity mutual funds have been witnessing net outflows for the last five months consecutively. The net outflows take place when sales or redemption exceeds investments in mutual funds.
The multi cap mutual funds saw net outflows of Rs 1,902.74 crore in October, up from Rs 1,143.86 crore in September. Value/contra funds saw net outflows of Rs 1,201.37 crore in October. Some other equity mutual fund categories also saw net outflows in October: large cap funds (Rs 550.87 crore), mid cap funds (Rs 555.53 crore), small cap funds (Rs 484.09 crore).
The equity mutual fund category saw net outflows of around Rs 2,724.95 crore in October, according to Amfi. However, the outflows more than doubled this month compared to September. All equity fund categories except large & mid cap and sector funds saw outflows this month.
On the other, debt mutual funds made a strong comeback in October with net inflows of Rs 1,10,466 crore, compared to outflows worth Rs 51,962.16 crore in September. All debt mutual fund categories except long duration funds and credit risk funds saw inflows in October. All short duration schemes also saw strong inflows.
Hybrid funds continued to bleed in October as well. However, the outflows were moderate. These schemes saw net outflows worth Rs 1681 crore, compared to outflows worth Rs 4,219 crore in September.
“Rise in both SIP Contribution and SIP AUMs during October 2020 and continued slowing outflow in equity schemes reinforces the retail investor confidence in the mutual fund as an asset class. This trend is reflective in economy improving further with green shoots amply visible – attractive interest rates, rise in GST Collections, digitalisation-driven efficiencies making Indian corporates healthier, conducive GoI policy for attracting FDI and continued surge in FII investment coupled with favourable geo-political scenario would continue to keep Indian equity markets an attractive investment destination over a long term,” N S Venkatesh, CEO, AMFI said.
The multi cap mutual funds saw net outflows of Rs 1,902.74 crore in October, up from Rs 1,143.86 crore in September. Value/contra funds saw net outflows of Rs 1,201.37 crore in October. Some other equity mutual fund categories also saw net outflows in October: large cap funds (Rs 550.87 crore), mid cap funds (Rs 555.53 crore), small cap funds (Rs 484.09 crore).
The equity mutual fund category saw net outflows of around Rs 2,724.95 crore in October, according to Amfi. However, the outflows more than doubled this month compared to September. All equity fund categories except large & mid cap and sector funds saw outflows this month.
| Category name | Net Inflow/Outflow | Net AUM |
| Multi Cap Fund | -1,902.74 | 1,45,394.97 |
| Large Cap Fund | -550.87 | 1,48,964.21 |
| Large & Mid Cap Fund | 256.74 | 59,843.83 |
| Mid Cap Fund | -555.53 | 90,405.80 |
| Small Cap Fund | -484.09 | 53,493.44 |
| Dividend Yield Fund | -57.99 | 4,108.58 |
| Value Fund/Contra Fund | -1,201.37 | 52,203.32 |
| Focused Fund | -169.39 | 54,256.33 |
| Sectoral/Thematic Funds | 2,214.67 | 68,706.36 |
| ELSS | -274.38 | 99,915.34 |
On the other, debt mutual funds made a strong comeback in October with net inflows of Rs 1,10,466 crore, compared to outflows worth Rs 51,962.16 crore in September. All debt mutual fund categories except long duration funds and credit risk funds saw inflows in October. All short duration schemes also saw strong inflows.
| Scheme Name | Net Inflow /Outflow | Net AUM |
| Overnight Fund | 4,940.22 | 72,862.11 |
| Liquid Fund | 19,582.70 | 3,83,000.13 |
| Ultra Short Duration Fund | 13,653.85 | 99,158.59 |
| Low Duration Fund | 9,855.77 | 1,23,035.72 |
| Money Market Fund | 15,445.18 | 95,678.47 |
| Short Duration Fund | 15,155.80 | 1,38,728.48 |
| Medium Duration Fund | 1,566.08 | 25,294.00 |
| Medium to Long Duration Fund | 321.85 | 11,772.30 |
| Long Duration Fund | -213.20 | 2,476.48 |
| Dynamic Bond Fund | 1,578.18 | 24,091.36 |
| Corporate Bond Fund | 15,051.77 | 1,37,346.47 |
| Credit Risk Fund | -414.85 | 28,224.79 |
| Banking and PSU Fund | 5,553.73 | 1,18,538.36 |
| Gilt Fund | 2,521.51 | 20,085.87 |
| Gilt Fund with 10 year constant duration | 51.28 | 1,445.11 |
| Floater Fund | 5,816.64 | 52,743.13 |
| 1,10,466.51 | 13,34,481.38 |
Hybrid funds continued to bleed in October as well. However, the outflows were moderate. These schemes saw net outflows worth Rs 1681 crore, compared to outflows worth Rs 4,219 crore in September.
| Category Name | Net inflow/outflow | Net AUM |
| Conservative Hybrid Fund | -30.54 | 11,274.46 |
| Balanced Hybrid Fund/Aggressive Hybrid Fund | -2,390.96 | 1,10,994.02 |
| Dynamic Asset Allocation/Balanced Advantage | -490.41 | 87,324.66 |
| Multi Asset Allocation | -172.59 | 12,067.76 |
| Arbitrage Fund | 1,739.26 | 63,847.70 |
| Equity Savings | -336.64 | 9,953.65 |
“Rise in both SIP Contribution and SIP AUMs during October 2020 and continued slowing outflow in equity schemes reinforces the retail investor confidence in the mutual fund as an asset class. This trend is reflective in economy improving further with green shoots amply visible – attractive interest rates, rise in GST Collections, digitalisation-driven efficiencies making Indian corporates healthier, conducive GoI policy for attracting FDI and continued surge in FII investment coupled with favourable geo-political scenario would continue to keep Indian equity markets an attractive investment destination over a long term,” N S Venkatesh, CEO, AMFI said.
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