There was an investment of Rs 39,282 crore in SBI Mutual Fund. A significant portion of the net inflow into SBI Mutual Fund was on account of NFOs of SBI Balanced Advantage Fund and some equity ETFs. There was an investment of Rs 20,649 crore in Kotak Mutual Fund during the same period. Nippon India Mutual Fund raised Rs 13,290 crore.
The fund houses that saw the highest net outflows were Aditya Birla Sun Life at Rs 3,453 crore, IDFC Rs 3,119 crore and Franklin Templeton at Rs 2,123 crore.
The second quarter of the financial year 2021-22 saw new fund offerings from a total of 32 open-end funds (including ETFs) and 11 closed-end funds. Altogether, these funds raised around Rs 49,283 crore.
Among ETFs, SBI Mutual Fund received the highest inflows with a net inflow of Rs 11,938 crore during the quarter ended September 2021, followed by UTI and Nippon India at Rs 3,702 crore and Rs 3,339 crore, respectively.
The report also noted that Axis Bluechip, Canara Robeco Bluechip Equity and Mirae Asset Large Cap Fund continue to be the highest recipients of inflows. They achieved net inflows of Rs 1,518 crore, Rs 1,019 crore and Rs 631 crore respectively in the second quarter of FY 2021-22. On the other hand, the funds that saw the highest outflows in the second quarter of FY 2021-22 were HDFC Top 100, Aditya Birla Sunlife Frontline Equity and ICICI Prudential Bluechip.
In the mid cap segment, the highest net inflows were Kotak Emerging Equity Fund (Rs 922 crore) in Q2 of 2021-22; Axis Midcap (Rs 879 crore); and PGIM India Midcap Ops Fund (Rs 775 crore). However, with a net outflow of Rs 734 crore, HDFC Midcap Opportunities Fund recorded the highest net outflow during the quarter. This was followed by Franklin India Prima Fund and L&T Midcap with losses of Rs 387 crore and Rs 300 crore, respectively.
PGIM India Small Cap, with a net inflow of Rs 910 crore; Axis Small Cap, with a net inflow of Rs 541 crore; and Kotak Small Cap, with a net inflow of Rs 513 crore, were the biggest gainers in the second quarter of the financial year 2021-22. The net inflows into PGIM India Small Cap were made during its NFO phase since the fund was launched in July 2021. During the same quarter period, Franklin India Small Companies Fund saw the highest net outflow of Rs 461 crore – followed by HDFC Small Cap and L&T Emerging Business, which saw a decline of around Rs 444 crore and Rs 255 crore respectively.
The assets under management of open-ended funds stood at Rs 36,09,242 crore as of September 2021, up 10% over the previous quarter June 2021 and 43% over September 2020. Some mutual fund houses have scored in case of others. Inflows in FY 21-22, as per Morningstar India report.