Covid-19 impact : Monthly SIP flows only 3% decline to Rs.8,370 In April 2020

SCovid-19  impact : Monthly SIP flows only 3% decline to Rs.8,370 In April 2020

Monthly SIP flows decline marginally from Rs.8650 crore to Rs.8370 crore, a decline of Rs.265 crore . This is only 3% decline.

Recent AMFI data shows that SIP inflows in April stood at Rs 8,376 crore, as against Rs 8,641 crore in March. The Rs 265 crore decline in SIP inflows is the sharpest in the last 24 months. This was a covid-19 impact

Further, most debt fund categories have witnessed considerable outflows due to the Franklin Templeton episode. Among debt fund categories, credit risk funds have witnessed the highest net outflows at Rs 19,239 crore. Categories such as ultra short duration, low duration, money market, short duration and medium duration have also seen considerable outflows.

Overall, debt funds witnessed net inflows worth Rs 43,431 crore in April as against Rs 1.95 lakh crore net outflows in March. This was primarily because of inflows to liquid funds that stood at Rs 68,848 crore. 

In terms of net inflows in pure equity schemes, net inflows in April declined to Rs 6,212 crore from Rs 11,700 crore  in March. Among equity schemes, the large cap fund category witnessed the highest inflows at Rs 1,691 crore. Multi-cap was the second most popular category with Rs 1,240 crore of inflows in April.

However, compared to March, flows to multi cap funds declined by Rs 1,028 crore. Focussed fund, ELSS and Value fund also witnessed considerable decline in inflows.

Mr. N S Venkatesh, Chief Executive, AMFI said that the decline in inflows is a one-off event and can not be considered as a trend. 

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