This report analyses the monthly and annual fund flows across different categories, covering AUM's of Top Mutual Funds and their major entry/exits.

1. Mutual Fund Analysis
August - 2019

2. Net MF Inflows/Outflows
Category
Aug-19
(in Rs.Cr)
July-19
(in Rs.Cr)
MoM
Change (%)
Aug-18
(in Rs.Cr)
YoY Change
(%)
Balanced -756 1,583 -147.8 2,630 -128.7
Equity 8,815 7,676 14.8 7,734 14.0
Income 9,767 13,504 -27.7 -6,520 249.8
Liquid 79,428 45,441 74.8 171,108 -53.6
Gilt 347 -40 967.5 -283 222.6
 All categories witnessed net inflows exceptBalanced and other ETFs.
 Mutual funds (MFs) saw a total inflow of Rs. 1,02,538Cr in August; +17.7% MoM, -41.3% YoY.
 Investments in equity schemes increased as investors chased large-cap funds which saw inflow of Rs 2,583 crore
(Rs 1,915 crore in July), while inflows into multi-cap funds stood at Rs 1,581 crore (Rs 327 crore in July). Despite
uncertain economic and volatile market situation, retail investors’ interest in equity mutual funds has been
steady for the fourth consecutivemonth, displaying the maturity level of investors.
 Inflows in equity schemes (including ELSS and arbitrage) increased from Rs 14,203 cr in the previous month to Rs
15,283 in Aug’19 – the highest since Feb’18 – led by a decline in redemptions (-26% MoM), even as gross sales
weredown 10% MoM.
 Liquid funds inflow registered a growth of 75% MoM, even as outflow from credit risk funds moderated to Rs
2,270 croreagainstoutflow of Rs 3,411 crorein July.
Source: AMFI

3. Monthly Category Wise AUM
Category
Aug-19
(in Rs.Cr)
July-19
(in Rs.Cr)
MoM Change
(%)
Aug-18
(in Rs.Cr)
YoY Change
(%)
Balanced 2,70,169 2,74,875 -1.7 1,87,924 43.8
Equity 6,18,914 6,17,710 0.2 7,12,665 -13.2
Income 7,83,355 7,68,292 2.0 7,57,137 3.5
Liquid 5,27,473 4,46,268 18.2 6,04,266 -12.7
Gilt 9,141 8,789 4.0 8,964 2.0
 AUM of Balanced Funds decreased by 1.7% ( by Rs. 4,705 Cr) to Rs 2.7 Lakh Cr and Liquid Fund increased by
18.2% ( by Rs. 81,204 Cr) to Rs. 5.27 Lakh Cr in Aug 2019.
 The Total Category wise AUM of the mutual fund industry increased by 3.8% (Rs. 93,967 Cr) to Rs. 25.48 Lakh Cr
in Aug 2019, largely due to better inflows into liquid and equity oriented schemes.
 The total number of accounts (or folios as per mutual fund parlance) as on August 31, 2019 stood at 8.53 crore;
+0.7% MoM and +11% YoY, while the number of folios under Equity, Hybrid and Solution Oriented Schemes,
wherein the maximum investment is from retail segment stood at 7.66 crore. This is 63rd consecutive month
witnessing rise in the no. of folios.
Source: AMFI

4. Company wise AUM
AMC Details
Aug-19
(in Rs.Cr)
July-19
(in Rs.Cr)
MoM
Change
(%)
Aug-18
(in Rs.Cr)
YoY
Change
(%)
HDFC Mutual fund 3,74,681 3,66,151 2.3 3,13,872 19.4
ICICI Prudential Mutual fund 3,49,290 3,44,164 1.5 3,19,640 9.3
SBI Mutual fund 3,21,933 3,12,939 2.9 2,61,357 23.2
Aditya Birla Sun Life AMC Ltd 2,51,597 2,54,109 -1.0 2,59,796 -3.2
Reliance Nippon Mutual fund 1,95,752 2,07,503 -5.7 2,55,919 -23.5
 Average Assets Under Management (AAUM) of Indian Mutual Fund Industry for the month of August 2019 stood
at Rs. 25,63,935 crore.
 The AUM of the Indian MF Industry has grown from Rs. 7.57 trillion as on 31st August, 2009 to Rs. 25.48 trillion as
on 31stAugust, 2019, about3 ½ fold increasein a span of 10 years.
 Among the top 10 asset management companies by AUM, HDFC MF, ICICI Prudential MF, and SBI MF continued to
remain the top three fund houses.
Source: AMFI

5. Top changes in stocks
Top-5 stocks by change in value
Company
Value Aug-19
(INR lac cr)
Value Change
MoM (INR lac cr)
Value Change
MoM (%)
Shares Change
MoM (%)
Reliance Industries 0.3912 0.0626 19.1 11.2
HDFC 0.3027 0.0189 6.7 4.5
HDFC Bank 0.6968 0.0166 2.4 3.6
TCS 0.2278 0.0119 5.5 3.0
Avenue Supermarts 0.0417 0.0097 31.1 23.7
Bottom-5 stocksby change in value
Company
Value Aug-19
(INR lac cr)
Value Change
MoM (INR lac cr)
Value Change
MoM (%)
Shares Change
MoM (%)
SBI 0.3260 -0.0601 -15.6 2.4
ITC 0.2756 -0.0156 -5.4 4.1
Indian Oil Corporation 0.0790 -0.0139 -15.0 -3.3
TataSteel 0.0566 -0.0137 -19.5 1.1
NTPC 0.2035 -0.0123 -5.7 -1.9

6. Positional changes by
Top Mutual Funds

7. HDFC Mutual Fund
Top Additions
Company
Buy value
(INR lac
cr)
Shares
Change
‘000
Holding
Value (INR
lac cr)
Reliance
Industries
0.0088 7,029 0.0749
Avenue
Supermart
0.0063 4,000 0.0063
HDFC Bank 0.0039 1,751 0.0645
Inox Fluoro 0.0033 4,700 0.0033
ITC 0.0026 10,646 0.0480
Top Reductions
Company
Sell value
(INR lac cr)
Shares
Change
‘000
Holding
Value
(INR lac cr)
NIIT
Technologies
-0.0043 -2,840 0.0033
BHEL -0.0013 -25,449 0.0016
Maruti Suzuki -0.0013 -205 0.0003
Shriram
Transport
-0.0012 -1,271 0.0041
TataChemicals -0.0012 -2,013 0.0117
 Financials accounting for 32% of stock assets followed by industrialcompanies at 12%.

8. ICICI Pru Mutual Fund
 ICICI MF has its largest currentexposures arein the financials (25%) and materials (10%) sectors.
Top Additions
Company
Buy value
(INR lac
cr)
Shares
Change
‘000
Holding
Value (INR
lac cr)
Reliance Industries 0.0068 5,480 0.0263
Axis Bank 0.0052 7,811 0.0333
Oil & Natural Gas 0.0045 37,063 0.0290
LIC Housing
Finance
0.0042 9,934 0.0090
Indian Oil
Corporation
0.0039 31,657 0.0255
Top Reductions
Company
Sell value
(INR lac
cr)
Shares
Change
‘000
Holding
Value
(INR lac cr)
Infosys -0.0033 -4,085 0.0584
TitanCompany -0.0022 -1,998 0.0080
Kotak Mahindra
Bank
-0.0017 -1,209 0.0107
Maruti Suzuki -0.0016 -266 0.0127
SBI Life
Insurance
-0.0015 -1,777 0.0221

9. SBI Mutual fund
 SBI MF has the highest exposureto the financials sector at 37% followed by technology at 11%
Top Additions
Company
Buy value
(INR lac
cr)
Shares
Change
‘000
Holding
Value (INR
lac cr)
HDFC Bank 0.0077 3,475 0.1620
Axis Bank 0.0054 8,156 0.0532
AlkemLab 0.0044 2,398 0.0051
HDFC Ltd. 0.0035 1,631 0.0833
ICICI Bank 0.0033 8,152 0.0876
Top Reductions
Company
Sell value
(INR lac
cr)
Shares
Change
‘000
Holding
Value
(INR lac
cr)
Muthoot
Finance
-0.0011 -1,788 0.0008
Bajaj Finance -0.0010 -300 0.0273
Emami -0.0009 -3,004 0.0108
ICICI Prudential
Life Insurance
-0.0008 1,978 0.0207
Bank of Baroda -0.0007 -7,544 0.0006

10. Top new stocks added/Exited
New Entrant Complete Exit
AMC Name Company
Buy
Value (INR lac cr)
Share
‘000
Company
Sell Value (INR
lac cr)
Share ‘000
HDFC AMC
Inox Fluoro 0.0033 4,700 Havells India 0.0001 197
Sterling &
Wilson
0.0004 700 Shree Cement ~0.00 0.15
Pidilite Inds 0.0003 25 - - -
SRF 0.00001 5 - - -
ICICI Pru MF
Ratnamani
Metals
~0.00 0.076
Ahluwalia
Contract
0.00001 21
JSW Holdings ~0.00 0.02 GFL ~0.00 0.11
SBI MF
GRUH
Finance
0.0015 5,800 ApolloTyres 0.0002 927
- - - LT Foods 0.0001 2,620
- - - Bank of India 0.00001 114
- - - MindTree 0.00001 8

11. Fund flows across
Different Categories

12. SIP Contribution
 Indian Mutual Funds have currently about 2.81 crore (28.1 million) SIP accounts through which investors
regularly investin Indian Mutual Fund schemes.
 MF industry had added, on an average, 9.39 lacs SIP accounts each month during the FY 2019-20, with an
averageSIP sizeof aboutRs 2,900 per SIP account.
Source: AMFI
7,727
7,985 7,985
8,022
8,064
8,095
8,055
8,238
8,183
8,122
8,324
8,231
7,400
7,500
7,600
7,700
7,800
7,900
8,000
8,100
8,200
8,300
8,400
Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19
SIP Contribution (In Rs. Cr)

13. Equity Fund flows
 In August’19, equity funds saw inflows of Rs. 8,815 Cr.
 In last 12 months, Equity MFs received net inflows of Rs. 86,538 Cr – averaging around Rs. 7,211.5 Cr per
month.
10237
11422
7579
5765
4914
3948
9014
4608
5286
7274
7676
8815
0
2000
4000
6000
8000
10000
12000
14000
Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19
Equity Funds (In Rs. Cr)
Source: AMFI

14. Gilt Fund flows
 In last 12 months, Gilt funds saw total outflows of Rs. 1,501.8 Cr
 Net outflows of Rs. 659.8 Cr were witnessed in past 12 months that averaged around Rs. 55 Cr of outflows
per month.
Source: AMFI
-968
-291
61
6
-89
149
38
-7.76
-106
241
-40
347
-1200
-800
-400
0
400
Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19
Gilt Funds (In Rs. Cr)

15. Liquid Fund flows
 In last 12 months, Liquid fund flows saw outflows of Rs 3,77,190 Cr vs. inflowsof Rs 7,44,348.4Cr.
 Net inflows of Rs. 3,67,158.4 Cr were witnessed that averaged around Rs. 30,596.5 Cr per month in past 12
months.
211050
55296
136135
-148906
58637
-24509
-51343
89778.43
68583
-152432
45441
79428
-160000
-110000
-60000
-10000
40000
90000
140000
190000
240000
Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19
Liquid Funds (In Rs. Cr)
Source: AMFI

16. Disclaimer
Prepared By:
ResearchAnalyst:SangamChaudhary(MBA)
Email ID:sangamchaudhary@adroitfinancial.com
Phone Number:0120-4550300*270/388
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