Equity mutual funds see net outflows in July

Most equity mutual fund categories saw net outflows in July as investors continue to sell their investments, possibly due to their precarious financial position or the uncertain economic scenario amid the raging Covid-19 pandemic.

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Most equity mutual fund categories saw net outflows in July as investors continue to sell their investments, possibly due to their precarious financial position or the uncertain economic scenario amid the raging Covid-19 pandemic. The only exception was ELSS category that amassed RS 279 crore in July, shows Amfi data.

Equity-oriented schemes (growth) mobilised Rs 14,141.66 in July, as against total redemptions worth Rs 16,622.01. This mismatch resulted in a net outflow of Rs 2,480 crore in July

  • 6.32%Annualized Return for 1 year
  • <1 yearSuggested Investment Horizon
  • 6.10 YearsTime taken to double money
  • 2.93%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • N.ATime taken to double money
Categories Net inflows/ Outflows (-) in July Net AUM as on July 31
Multicap -1,033.17 1,42,266.73
Large Cap Fund -364.95 1,45,154.40
Large & Mid Cap Fund -466.75 55,208.46
Mid Cap Fund -579.10 83,302.85
Small Cap Fund -90.83 46,934.35
Dividend Yield Fund -33.41 4,106.81
Value Fund/Contra Fund -548.86 51,988.13
Focused Fund 534.67 51,142.31
Sectoral/Thematic Funds -177.06 62,908.25
ELSS 279.10 94,595.83
Total -2,480.35 7,37,608.12


However, debt mutual funds continue to attract net inflows to the schemes. The category saw net inflows of 91,391.73 in July, on the back of strong inflows into liquid, short duration, and corporate bond funds. All debt mutual fund categories attracted inflows except credit risk funds which saw an outflow of rs 669.7 crore.

Investors continue to sell heavily their investments in hybrid schemes. The Balanced hybrid/equity hybrid category and dynamic asset allocation category have seen heavily selling in July. Even the arbitrage category has seen a large net outflow of Rs 3,732.48 crore in July.
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