Mutual Funds AUM Scale New Highs Of Rs 30 Trillion

Total Assets Under Management (AUM) of the Mutual Fund industry rose 6.3% MoM, scaling new highs to reach Rs 30 trillion in Nov'20. This was primarily led by an increase in AUM of equity funds (Rs 847 billion), income funds (Rs 584 billion), and other ETF funds (INR234b), said the Fund Folio report from Motilal Oswal Financial Services.

Equity AUM (incl. ELSS and index funds) of domestic MFs increased 10.4% MoM to Rs 9 trillion in Nov'20, led by a rise in market indices (Nifty +11.4% MoM). Notably, the month saw decline in sales of equity schemes (down 18.4% MoM to INR149b). Further, the pace of redemptions picked up to INR281b (up 26.7% MoM), leading to the highest ever net outflows of INR132b in Nov'20 - the fifth consecutive month of outflows.

The total equity value of the Top-20 AMCs increased 10.1% MoM (+9.8% YoY) in Nov'20 v/s a rise of 11.4% MoM (7.6% YoY) in the Nifty. Among the Top-10 funds, the highest MoM increase was seen in Axis Mutual Fund (12.0%), Mirae Asset Mutual Fund (11.1%), Nippon India Mutual Fund (11.1%), SBI Mutual Fund (11.0%), and UTI Mutual Fund (10.7%).

Motilal Oswal Financial Services' Fund Folio is a handbook on the holdings of the top-20 domestic mutual funds in India. The monthly report provides details on trend in AUMs and flows, sector allocation by funds, stock-wise holding change, top schemes and NAV change and fund-wise snapshot on top holdings.