Open-ended domestic funds' AUM sees 43% jump yoy; SBI Mutual Fund attracts highest net inflows of Rs 39,282 cr in September quarter

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The assets under management (AUM) of open-ended domestic mutual funds witnessed a significant jump of 10% on quarter on quarter and a 43% on annual basis, as per a data from Morningstar, a Chicago-based investment research firm that compiles and analyses fund, stock, and general market data.

This report provides insights into estimated flows and asset trends for open ended domestic funds focused on the Indian equity and debt markets, said Morningstar India.

As per the data, the assets under management of open-ended domestic funds stood at Rs 36,09,242 crore as of September 2021, up by 10%, compared to the last quarter June 2021 and up 43% compared to September 2020.

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Besides, this quarter also saw a net inflow of Rs 39,928 crore in open-end equity funds. “Their total assets under management of open-end equity funds as of September 2021 stood at Rs 12,79,647 crore, up almost 67% since September 2020 and up 15% since the last quarter ended June 2021,” the report pointed out.  
Weightage wise, fixed-income funds comprise around 39% of the total industry assets under management, followed by equity with a 35%, said Morningstar. The allocation/hybrid, solution, and other categories have approximately 12%, 1%, and 12% weightage respectively, it said.  

With inflow of Rs 39,282 crore, SBI Mutual Fund saw the highest net inflow. Kotak Mutual Fund and Nippon India Mutual Fund were the other asset management companies with highest net inflows (open-end and ETFs) for the quarter ended September 2021.  

Source: Morningstar India

“A significant part of the net inflow in SBI Mutual Fund went into their new fund offer (SBI Balanced Advantage Fund) and a couple of equity ETFs, which helped to garner the highest quantum of flows during the quarter,” said Morningstar India.

Aditya Birla Sun Life with Rs 3,453 crore, IDFC with Rs 3,119 crores and Franklin Templeton with Rs 2,123 crores were Fund houses that saw the highest net outflows. 

As per the same report, the second quarter of fiscal-year 2021-22 saw the new fund offering (NFO) of a total of 32 open-end funds (including six ETFs) and eleven closed-end funds. Cumulatively, these funds were able to garner INR 49,283 crores at their inception stage.

“The second quarter of fiscal-year 2021-22 saw net inflows to the tune of Rs 1,26,046 crores in open ended mutual funds. Closed-end fund categories, which comprise the fixed income, growth, and interval categories, saw maturities of Rs 26,071 crores during the quarter. Pleasingly, the net inflows of funds during the July-September 2021 quarter were almost as same as the net inflows seen in the previous quarter, to the tune of Rs 1,27,170 crores. That said, on a month-on-month basis during July-September 2021, the net flows have not been consistent, with a couple of months witnessing net inflows and one month witnessing net outflows,” said Morning star India report.

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