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.
No comments:
Post a Comment