AUM of 11 equity funds (6 are ETFs!) grew by more than 30% in Oct 2019

AUM of many mutual funds registered a 30% or more growth in Oct 2019. Out of these 11 were equity mutual funds. Six of these are ETFs including ICICI Pru Nifty Low Vol 30 ETF (45% increase). A report.

Published: November 12, 2019 at 10:58 am

Last Updated on December 29, 2021 at 5:11 pm

October 2019 was a good month for the mutual fund industry. The AUM of as many as 45 funds moved up in AUM by 30% or more.  Out of these 11 are equity mutual funds including six ETFs. Notable among these is ICICI Pru Nifty Low Vol 30 ETF with a 45% increase in AUM. This is a report.

Studying monthly changes in AUM has two benefits. For an analyst, it indicates what products the AMC is “pushing”.  For an investor, depending on the fund category and AUM level it could be something to keep an eye on. Sustained high AUM growth month on month especially during a bull market should make investors look at performance closely.

The 11 mutual funds with more than 30% growth in AUM in Oct 2019

Scheme NameAUM ChangeNAV Change
ICICI Pru Pvt Banks ETF126%2%
Mirae Asset Nifty 50 ETF102%3%
IIFL Focused Equity Fund-Reg73%3%
Nippon India ETF Hang Seng BeES58%2%
Bharat 22 ETF53%3%
ICICI Pru Nifty Low Vol 30 ETF45%3%
ICICI Pru Bank ETF38%3%
Quant Active Fund35%10%
ICICI Pru Sensex Index Fund34%4%
Nippon India Index Fund – Sensex Plan31%4%
Motilal Oswal Nifty Midcap 150 Index Fund-Reg31%3%

The NAV change is also shown to check if the AUM growth was due to NAV movement or dominated by inflows. For example, ICICI Pru Technology Fund fell by 5% in Oct 2019. The AUM fell by 4%. Meaning inflows were limited.  In the case of Quantum Long Term Equity, the NAV moved up by 2% and the AUM by 3%. Again no significant inflows. All percentages are approximate. Notice that there are only two active funds in the top 11!

ICICI Prudential Private Banks ETF at 390 Crores AUM is fairly respectable. ICICI Pru Nifty Low Vol 30 ETF at  62 Crores is fairly small but something to keep an eye out for. ICICI Asset allocator and ICICI BSE 500 ETF moved up 20%. Readers may recall we had discussed why the AUM is increasing: ICICI Prudential Asset Allocator Fund: Here is why you should avoid this!

Join over 32,000 readers and get free money management solutions delivered to your inbox! Subscribe to get posts via email!
🔥Enjoy massive discounts on our robo-advisory tool & courses! 🔥

Mutual funds with biggest AUM increase during Oct 2019

Scheme NameNAV ChangeAUM Change
BNP Paribas Overnight Fund0.4%2018%
Mahindra Overnight Fund0.4%843%
LIC MF Overnight Fund0.4%616%
Nippon India Overnight Fund0.4%575%
Union Overnight Fund0.4%461%
Baroda Overnight Fund0.4%441%
Sundaram Overnight Fund0.4%411%
Indiabulls Overnight Fund0.4%348%
Quant Liquid Plan0.5%283%
Edelweiss Overnight Fund0.4%172%
SBI Overnight Fund0.4%146%
ICICI Pru Pvt Banks ETF2.1%126%
L&T Cash Fund0.3%117%
Mirae Asset Nifty 50 ETF3.4%102%
IDFC Overnight Fund0.4%95%
JM Short Term Fund-2.6%90%
PGIM India Overnight Fund0.4%81%
Tata Liquid Fund0.5%75%
HSBC Overnight Fund0.4%74%
ICICI Pru Overnight Fund0.4%74%
IIFL Focused Equity Fund2.7%73%
Baroda Ultra Short Duration Fund0.6%68%
Nippon India ETF Hang Seng BeES2.3%58%
Bharat 22 ETF3.1%53%
ICICI Pru Nifty Low Vol 30 ETF3.3%45%
HDFC Overnight Fund0.4%44%
LIC MF ST Debt Fund1.0%43%
Franklin India Savings Fund0.7%40%
PGIM India Ultra ST Fund0.5%39%
ICICI Pru Bank ETF3.0%38%
Nippon India Money Market Fund0.7%37%
Quant Active Fund10.2%35%
Axis Treasury Advantage Fund0.9%35%
ICICI Pru Sensex Index Fund3.6%34%
ICICI Pru Retirement Fund-Pure Debt Plan1.0%33%
Invesco India Ultra Short Term Fund0.7%32%
Canara Rob Overnight Fund0.4%32%
Nippon India Index Fund – Sensex Plan3.6%31%
Nippon India Liquid Fund0.5%31%
Axis Short Term Fund1.1%31%
Motilal Oswal Nifty Midcap 150 Index Fund3.4%31%
Franklin India Banking & PSU Debt Fund1.2%30%
SBI Magnum Ultra Short Duration Fund0.7%30%
LIC MF Banking & PSU Debt Fund1.1%30%
SBI Liquid Fund0.5%29%

This is the full list of 45 funds.  It is dominated by overnight funds. Since the portfolio of an overnight fund changes every day, such huge in and outflows will be common. Read more: Worried about risk in debt mutual funds? Park your money in overnight mutual funds

Funds that lost more than 10% AUM in Oct 2019

Scheme NameNAV ChangeAUM Change
Indiabulls Savings Fund-Reg(G)1%-63%
HDFC Sensex ETF4%-39%
PGIM India Insta Cash Fund(G)0%-35%
JM Low Duration Fund(G)-4%-28%
Franklin India Overnight Fund(G)0%-26%
Baroda Conservative Hybrid Fund(G)1%-26%
ITI Liquid Fund-Reg(G)0%-25%
Kotak Floating Rate Fund-Reg(G)0%-21%
LIC MF Arbitrage Fund-Reg(G)1%-21%
Principal Credit Risk Fund(G)1%-21%
ICICI Pru Liquid ETF0%-19%
DSP NIFTY Next 50 Index Fund-Reg(G)4%-18%
PGIM India Short Maturity Fund(G)1%-15%
Indiabulls Liquid Fund(G)0%-15%
Nippon India Prime Debt Fund(G)1%-15%
IDBI Gilt Fund(G)1%-14%
BNP Paribas Corp Bond Fund(G)2%-13%
Invesco India Equity Savings Fund-Reg(G)2%-11%

The drop in HDFC Sensex ETF is intriguing.

AUM Change vs Nav Change Oct 2019

If we exclude funds more than 30% increase in AUM (as they will skew the plot)

Aum change of mutual funds plotted against NAV change during the month of Oct 2019Most funds witnessed a less than 2% change in NAV and a less than 20% change in AUM. We shall track these changes in future months.

Do share this article with your friends using the buttons below.

🔥Enjoy massive discounts on our courses, robo-advisory tool and exclusive investor circle! 🔥& join our community of 5000+ users!
Use our Robo-advisory Tool for a start-to-finish financial plan! More than 1,000 investors and advisors use this!
New Tool! => Track your mutual funds and stock investments with this Google Sheet!
We also publish monthly equity mutual funds, debt and hybrid mutual funds, index funds and ETF screeners and momentum, low-volatility stock screeners.
Follow Freefincal on Google News
Follow Freefincal on Google News
Subscribe to the freefincal Youtube Channel. Subscribe button courtesy: Vecteezy.
Subscribe to the freefincal Youtube Channel.
Follow freefincal on WhatsApp Channel
Follow freefincal on WhatsApp
Podcast: Let's Get RICH With PATTU! Every single Indian CAN grow their wealth! 
Listen to the Lets Get Rich with Pattu Podcast
Listen to the Let's Get Rich with Pattu Podcast
You can watch podcast episodes on the OfSpin Media Friends YouTube Channel.
Lets Get RICH With PATTU podcast on YouTube
Let's Get RICH With PATTU podcast on YouTube.
🔥Now Watch Let's Get Rich With Pattu தமிழில் (in Tamil)! 🔥
  • Do you have a comment about the above article? Reach out to us on Twitter: @freefincal or @pattufreefincal
  • Have a question? Subscribe to our newsletter using the form below.
  • Hit 'reply' to any email from us! We do not offer personalized investment advice. We can write a detailed article without mentioning your name if you have a generic question.

Join over 32,000 readers and get free money management solutions delivered to your inbox! Subscribe to get posts via email!

About The Author

Pattabiraman editor freefincalDr M. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. He has over ten years of experience publishing news analysis, research and financial product development. Connect with him via Twitter(X), Linkedin, or YouTube. Pattabiraman has co-authored three print books: (1) You can be rich too with goal-based investing (CNBC TV18) for DIY investors. (2) Gamechanger for young earners. (3) Chinchu Gets a Superpower! for kids. He has also written seven other free e-books on various money management topics. He is a patron and co-founder of “Fee-only India,” an organisation promoting unbiased, commission-free investment advice.
Our flagship course! Learn to manage your portfolio like a pro to achieve your goals regardless of market conditions! More than 3,000 investors and advisors are part of our exclusive community! Get clarity on how to plan for your goals and achieve the necessary corpus no matter the market condition is!! Watch the first lecture for free!  One-time payment! No recurring fees! Life-long access to videos! Reduce fear, uncertainty and doubt while investing! Learn how to plan for your goals before and after retirement with confidence.
Our new course!  Increase your income by getting people to pay for your skills! More than 700 salaried employees, entrepreneurs and financial advisors are part of our exclusive community! Learn how to get people to pay for your skills! Whether you are a professional or small business owner who wants more clients via online visibility or a salaried person wanting a side income or passive income, we will show you how to achieve this by showcasing your skills and building a community that trusts and pays you! (watch 1st lecture for free). One-time payment! No recurring fees! Life-long access to videos!   
Our new book for kids: “Chinchu Gets a Superpower!” is now available!
Both boy and girl version covers of Chinchu gets a superpower
Both the boy and girl-version covers of "Chinchu Gets a superpower".
Most investor problems can be traced to a lack of informed decision-making. We made bad decisions and money mistakes when we started earning and spent years undoing these mistakes. Why should our children go through the same pain? What is this book about? As parents, what would it be if we had to groom one ability in our children that is key not only to money management and investing but to any aspect of life? My answer: Sound Decision Making. So, in this book, we meet Chinchu, who is about to turn 10. What he wants for his birthday and how his parents plan for it, as well as teaching him several key ideas of decision-making and money management, is the narrative. What readers say!
Feedback from a young reader after reading Chinchu gets a Superpower (small version)
Feedback from a young reader after reading Chinchu gets a Superpower!
Must-read book even for adults! This is something that every parent should teach their kids right from their young age. The importance of money management and decision making based on their wants and needs. Very nicely written in simple terms. - Arun.
Buy the book: Chinchu gets a superpower for your child!
How to profit from content writing: Our new ebook is for those interested in getting side income via content writing. It is available at a 50% discount for Rs. 500 only!
Do you want to check if the market is overvalued or undervalued? Use our market valuation tool (it will work with any index!), or get the Tactical Buy/Sell timing tool!
We publish monthly mutual fund screeners and momentum, low-volatility stock screeners.
About freefincal & its content policy. Freefincal is a News Media Organization dedicated to providing original analysis, reports, reviews and insights on mutual funds, stocks, investing, retirement and personal finance developments. We do so without conflict of interest and bias. Follow us on Google News. Freefincal serves more than three million readers a year (5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified with credible and knowledgeable sources before publication. Freefincal does not publish paid articles, promotions, PR, satire or opinions without data. All opinions will be inferences backed by verifiable, reproducible evidence/data. Contact information: letters {at} freefincal {dot} com (sponsored posts or paid collaborations will not be entertained)
Connect with us on social media
Our publications

You Can Be Rich Too with Goal-Based Investing

You can be rich too with goal based investingPublished by CNBC TV18, this book is meant to help you ask the right questions and seek the correct answers, and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now.
Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want Gamechanger: Forget Start-ups, Join Corporate and Still Live the Rich Life you wantThis book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at a low cost! Get it or gift it to a young earner.

Your Ultimate Guide to Travel

Travel-Training-Kit-Cover-new This is an in-depth dive into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, and how travelling slowly is better financially and psychologically, with links to the web pages and hand-holding at every step. Get the pdf for Rs 300 (instant download)