Today we cover the monthly report covering the sales and redemption/ repurchase data of Mutual Funds in India. This will be a regular feature going forward. Do share your views and feedback on this.
Update: We have a tweet from Aashish Sommaiyaa (CEO at MOSL MF) which says most equity funds are actually in Arb funds. Read about this in more detail.
Note: This is no longer true – check this post. Most investments were in arbitrage funds, which aren’t really equity – they are fixed income investments disguised as equity.
Source: AMFI -> Research & Information -> AMFI Monthly
Total assets under equity funds is over 466,000 cr. (not including the equity portion of balanced funds). This is the highest we have seen. Remember, at the last “high” of the Nifty, in Jan 2015, total mutual fund assets in equity was only about 340,000 cr. – so we are seeing interest rise substantially since then.
Debt funds have an AUM of about 720,000 cr. which has also risen, since Jan 2015’s 531,000 cr. There’s just a lot more money coming to mutual funds!
Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.