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
July - 2019

2. Net MF Inflows/Outflows
Category
July-19
(in Rs. Cr)
June-19
(in Rs. Cr)
MoM Change
MoM Change
(In %)
Balanced 1583 -2303 3886 168.7
Equity 7676 7274 402 5.5
Income 13504 -21575 35079 162.6
Liquid 45441 -152432 197873 129.8
Gilt -40 241 -281 -116.6
 All the categories except Gilt fund witnessed net inflow of funds.
 Mutual funds (MFs) saw a total inflow of Rs. 87,087 Cr in July, mainly driven by large inflows into
equity, Income and liquid funds.
 Despite weak equity markets where Nifty fell by more than 6% in July, inflows into equity schemes
increased by 5.5% MoM in July as investors opportunistically used the correction in markets to
invest into equities.
 Net Inflows into liquid funds increased by 129.8% as corporates that are active investors in liquid
funds tend to redeem their investments to meet advance tax payment ahead of June deadline and
return to investing in the subsequent month.
Source: AMFI

3. Monthly Category Wise AUM
Category
July-19
(in Rs. Cr)
June-19
(in Rs. Cr)
MoM Change
MoM Change
(In %)
Balanced
274875 284319
-9444 -3.3
Equity
617710 652533
-34823 -5.3
Income
768292 745777
22515 3.0
Liquid
446268 397990
48278 12.1
Gilt
8789 8592
197 2.3
• AUM of Balanced Funds decreased by 3.3% ( by Rs. 9,444 Cr) to Rs. 2.75 Lakh Cr whereas Liquid
Fund increased by 12.1% ( by Rs. 48,278 Cr) to Rs. 4.46 Lakh Cr in July 2019.
• The Total Category wise AUM of the mutual fund industry increased by 1.2% (Rs. 28,586 Cr) to Rs.
24.53 Lakh Cr in July 2019, this conveys signs of maturity on the part of retail investors and is
reflective of continued investor trust in the Indian MF Industry.
Source: AMFI

4. Company wise AUM’s
AMC Details
July-19
(in Rs. Cr)
June-19
(in Rs. Cr)
MoM
Change
MoM
Change
(In %)
HDFC Mutual fund 366151 363894 2257 0.6
ICICI Prudential Mutual fund 344164 337541 6623 2.0
SBI Mutual fund 312939 304495 8444 2.8
Aditya Birla Sun Life AMC Ltd 254109 240690 13419 5.6
Reliance Nippon Life Asset Management Ltd 207503 208393 -890 -0.4
 Indian Mutual Fund industry’s Average Assets Under Management (AAUM) stood at Rs. 25.81 Lakh
Cr (INR 25.81 Trillion)
 The AUM of the Indian MF Industry has grown from Rs. 7.22 trillion as on 31st July, 2009 to Rs.
24.54 trillion as on 31st July, 2019, about 3 ½ fold increase in 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 July-19 (INR
Bn)
Value Change
MoM (INR Bn)
Value Change
MoM (%)
Shares Change
MoM (%)
INDUSINDBK 100.7 31.3 45.1 44.9
INFY 434.8 28.2 6.9 -1.4
KOTAKBANK 243.1 10.2 4.4 1.4
IOC 93 8.8 10.5 23.6
SUNPHARMA 104.9 8.5 8.9 2.3
Bottom-5 stocks by change in value
Company
Value July-19 (INR
Bn)
Value Change
MoM (INR Bn)
Value Change
MoM (%)
Shares Change
MoM (%)
HDFCBANK 680.2 -45.1 -6.2 1.8
SBIN 386.1 -36.6 -8.7 -0.7
AXISBANK 290.5 -33.1 -10.2 7.7
LT 335.3 -28.6 -7.9 3.2
RBLBANK 36.5 -18.6 -33.8 4.6

6. Positional changes by
Top Mutual Funds

7. HDFC Mutual Fund
Top Additions
Company
Buy value
(INR Bn)
Shares
Change
'000
Holding
Value
(INR Bn)
ITC 8.37 30,961 49.9
GAIL 7.36 57,106 15.2
RELIANCE 5.91 5,063 61.8
POWERGRID 4.25 20,180 32.8
TCS 2.83 1,283 27.5
Top Reductions
Company
Sell value
(INR Bn)
Shares
Change
Holding
Value
(INR Bn)
SRTRANSFIN -1.86 -1,920 5.3
SOLARINDS -1.10 -983 6.0
ICICIBANK -0.86 -2037 107.4
UPL -0.80 -1345 4.2
SBIN -0.57 -1714 93.4
 Financials accounting for 32% of stock assets followed by industrial companies at 14%.

8. ICICI Pru Mutual Fund
 ICICI MF has its largest current exposures are in the financials (28%) and materials (10%) sectors.
Top Additions
Company
Buy value
(INR Bn)
Shares
Change
'000
Holding
Value
(INR Bn)
AXISBANK 5.34 7,928 28.5
INDIGO 3.20 2,055 8.2
HDFCBANK 2.67 1,186 52.5
ONGC 2.56 18,412 28.1
TECHM 2.18 3,423 14.1
Top Reductions
Company
Sell value
(INR Bn)
Shares
Change
Holding
Value
(INR Bn)
INFY -11.28 -14,217 60.1
POWERGRID -1.66 -7,878 3.8
SBIN -1.44 -4,336 50.2
IOC -1.31 -9,397 24.6
PETRONET -1.30 -5,514 1.1

9. SBI Mutual fund
 SBI MF has the highest exposure to the financials sector at 40% followed by technology at 11%
Top Additions
Company
Buy value
(INR Bn)
Shares
Change
'000
Holding
Value
(INR Bn)
HDFCBANK 6.30 2,800 155.9
ICICIBANK 5.32 12,534 87.3
AXISBANK 4.15 6,159 48.5
KOTAKBANK 3.40 2,239 68.3
INFY 3.17 3,995 82.4
Top Reductions
Company
Sell value
(INR Bn)
Shares
Change
Holding
Value
(INR Bn)
INDIGO -6.61 -4,243 9.8
UPL -3.83 -6,433 4.5
BAJAJFINSV -2.38 -336 5.6
SRTRANSFIN -1.83 -1,888 2.4
AUROPHARMA -1.46 -2,559 3.9

10. Fund flows across
Different Categories

11. SIP Contribution in Rs. Cr
 Indian Mutual Funds have currently about Rs. 2.78 Cr SIP accounts through which investors
regularly invest in Indian Mutual Fund schemes.
 MF industry had added, on an average, 9.54 Lacs SIP accounts each month during the FY 2019-20,
with an average SIP size of about Rs. 3,000 per SIP account.
Source: AMFI
7658
7727
7985 7985
8022
8064 8095
8055
8238
8183
8122
8324
7200
7400
7600
7800
8000
8200
8400
Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19
SIP Contribution

12. Equity Fund flows
 In July’19, equity funds saw inflows of Rs. 7676 Cr.
 In last 12 months, Equity MFs received net inflows of Rs. 85457 Cr– averaging around Rs. 7121.4
Cr per month.
7734
10237
11422
7579
5765
4914
3948
9014
4608
5286
7274
7676
0
2000
4000
6000
8000
10000
12000
14000
Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19
Equity Funds (In Rs. Cr)
Source: AMFI

13. Gilt fund flows
 In last 12 months, Gilt funds saw total outflows of Rs 1784.8 Cr
 Net outflows of Rs. 1289.8 Cr were witnessed in past 12 months that averaged around Rs.
107.5 Cr of outflows per month.
Source: AMFI
-283
-968
-291
61
6
-89
149
38
-7.76
-106
241
-40
-1200
-800
-400
0
400
Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19
Gilt Funds (In Rs. Cr)

14. Liquid Fund flows
 In last 12 months, Liquid fund flows saw outflows of Rs 377190 Cr vs. inflows of Rs 836028.4 Cr.
 Net inflows of Rs. 458838.4 Cr were witnessed that averaged around Rs. 38236.5 Cr per month
in past 12 months.
171108
211050
55296
136135
-148906
58637
-24509
-51343
89778.43
68583
-152432
45441
-160000
-110000
-60000
-10000
40000
90000
140000
190000
240000
Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19
Liquid Funds (In Rs. Cr)
Source: AMFI

15. Disclaimer
Prepared By:
Research Associate: Samarth Gupta (BBA)
Email ID: samarthgupta@adroitfinancial.com
Phone Number: 0120-4550300*270/388
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