In 2017, the business rallied 32 per cent and added over Rs 5.4 lakh crore in AUM. Within the decade ending 2019, it had grown from Rs 8.52 lakh crore to Rs 27.6 lakh crore in 2019, an over three-fold soar.
In December, the business clipped at 3 per cent to take the general AUM to Rs 31.02 lakh crore mark.
“A buoyant run-up within the underlying fairness market and agency inflows into open-ended debt funds and fairness exchange-traded funds (ETFs) helped take the property below administration (AUM) of the mutual fund business previous the Rs 31-lakh-crore-mark for the primary time,” Crisil mentioned.
The business not solely recovered from the huge losses in March on account of a pointy erosion within the fairness market and outflows from debt funds but additionally added Rs 4.5 lakh crore within the yr to shut at Rs 31.02 lakh crore, it added.
Nonetheless, in keeping with the Affiliation of Mutual Funds (Amfi), December noticed the sixth straight month of outflows with traders exiting open-ended fairness funds, with the large-cap, multi-cap and worth/contra schemes bleeding essentially the most.
“Cumulative outflows for these classes stood at Rs 9,058 crore in December,” the report mentioned.
However, dividend yield funds noticed agency inflows to the tune of Rs 1,490 crore within the month. Coincidentally, the month additionally noticed the best inflows for the class since Amfi modified its format in April 2019.
Sectoral/thematic schemes bought Rs 3,412 crore inflows, which is the best for the class since April 2019.
On the mixture stage, open-ended fairness schemes noticed web outflows of Rs 10,147 crore in December, solely barely decrease than the earlier month’s web outflows of Rs 12,917 crore.
Regardless of this, the open-ended fairness fund asset base superior round 6 per cent on-month to settle at a contemporary file excessive of Rs 9.07 lakh crore, using on mark-to-market features because the Sensex and Nifty rallied 8 per cent every in December and 15.8 per cent within the full yr, after plunging 35 per cent in March alone.
For the total yr, the class noticed web inflows of Rs 9,100 crore, aided primarily by market features with the benchmarks rallying 15 per cent every throughout 2020.
Fairness ETFs witnessed inflows of Rs 6,832 crore in December, sharply greater than web inflows of Rs 641 crore in November.
Gold ETFs, which monitor the worth of the yellow metallic, attracted web inflows of Rs 431 crore in December, reversing the online outflows of Rs 141 crore in November, as traders took benefit of the rising gold costs.
For the total yr, fairness ETFs attracted inflows of over Rs 51,000 crore, whereas gold ETFs noticed web inflows of over Rs 6,600 crore, taking their asset tally to Rs 2.56 lakh crore and Rs 14,000 crore, respectively.
Outflows in hybrid funds grew to Rs 5,932 crore in December, greater than the outflow of Rs 5,249 crore in November. The December web outflows had been the best since July 2020, which noticed the class witness web outflows of Rs 7,301 crore.
For the total yr, hybrid schemes noticed web outflows of Rs 53,200 crore, whereas the class property declined 11 per cent.
The investor depend has grown to eight.85 crore in 2020 over 2019. In 2018, the folio grew by greater than 1.3 crore.