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MF monthly flows remain strong

ICICIdirect Research 13 Sep 2024 DISCLAIMER

Ex-NFOs, inflows in August came at all-time high at Rs 27200 crore Vs Rs 23400 crore in July 2024. Total equity inflows including NFOs were at marginally higher Rs 38239 crore Vs Rs 37113 crore. Around 4% decline in the first week of August might have led to higher inflows indicating the “buy on dips” habit which seems well and truly enriched among retail investors.

Monthly average inflows in CY2024 is 2x at Rs 22200 crore Vs 2023 average of Rs 10400 crore. Annual run-rate of more than Rs 2.6 lakh crore (22200*12).

Sectoral Funds continue to witness higher inflows on the back of continuous NFOs. However, even ex-NFOs flows, the run-rate remain around 8000-10000 crore. In August, including NFOs, flows were at Rs 18120 crore Vs Rs 18400 crore.

Smallcap funds saw higher inflows at Rs 3200 crore Vs Rs 2100 crore. Midcap funds saw higher inflows at Rs 3000 crore Vs Rs 1600 crore. Largecap funds saw change in trend with higher inflows at Rs 2600 crore (ex-NFO: 1800 cr) Vs Rs 670 crore in July 2024.

SIP inflows rise marginally at Rs 23547 crore Vs Rs 23332.
ETFs inflows were higher at Rs 10000 crore Vs Rs 5800 crore.

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