Multi Cap category saw an outflow of Rs.3,541 cr as against Rs.399 cr of average outflows during previous 12 months. Similarly, Large Cap saw an outflow of Rs.3,876 cr as against Rs. 196 cr of average outflows during the last 12 months.
On the other hand, Debt mutual fund schemes saw inflows of Rs. 13,863 crores compared to an average inflow of Rs. 16.770 crores in the previous 12 months. As a result, total AUM rose to Rs.31.0 lakh crores at the end of December 2020 vs. Rs.30.1 lakh crores at the end of the previous month.
However, good news have come on the SIP front which came back at the old levels – Rs.8,418 cr for December 2020 as against Rs.7,302 cr for November 2020 after consistently falling from the recent peak of Rs.8,641 cr seen during the month of March 2020. As per some media reports, most of these SIP flows have come tied to the NFOs and the next few months will give the confirmation whether this trend has changed for the better.