Assets Under Management (AUMs) of the Indian Mutual Fund industry declined by 2.3% sequentially on a month-on-month basis to Rs.26.9 lakh crore in September 2020, compared with September 2019. The industry rose by 9.6% year-on-year translating to an asset base addition of Rs.2.4 lakh crore, according to CARE Ratings Report.
AUMs of the Indian Mutual Fund industry reached Rs.26.9 lakh crore in September 2020, increasing 9.6% over September 2019 and translating to an asset base addition of Rs.2.4 lakh crore. Mutul Fund AUMs amounted to 13.5% as a percentage of GDP in FY20 while overall AUMs of insurance in FY19 amounted to 17.9% of GDP (at current prices) and bank deposits amounted to 69.7% of GDP (at current prices).
AUMs of debt, equity and hybrid schemes in September 2020 accounted for 49.8%, 29.4% and 10.8% respectively of the overall AUMs; the balance 10.0% was contributed by solution oriented and other schemes. In September 2020, liquid funds witnessed regular outflows of Rs.65,952 crore. The outflows could be on account of redemptions by corporates to pay their quarterly advance tax requirements. However, the outflows recorded during the month were the lowest compared to the previous year.
The highest share (41.6%) of debt AUMs are in short-term instruments with maturity of less than 90 days, followed by a share of 40.8% in long duration instruments with a maturity of one year and above, 9.6% in 90-182 days and 8.0% in 182 days to 1 year.
Overall exposure of MFs to NBFCs stood at Rs.1.32 lakh crore in September 2020, almost half of the levels since September 2018.
Banks, consumer non-durables, finance, software, pharma and petroleum products were the top 6 sectors where equity MFs invested their funds till September 2020.