This is a list of the mutual funds that have gained the most in AUM after the March 2020 market crash. To make sure we are considering the inflow of funds and not the fund return, we compare the NAV and AUM on March 31, 2020 and May 31, 2021 and subtract the percentage change in NAV from the percentage change in AUM.

Among the top 15 funds, the Parag Parikh Flexicap Fund is the only fund with assets under management of more than 125 crores (as of March 31, 2020). His assets under management grew from Rs. 2448 crores to 10,276 crores in May 2021.

This is an increase of 320%. If we disregard the 98.6% increase in NAV during this period, the AUM is up about 221%, which is an approximate inflow of about Rs. 5,400 million euros. This is the fifth highest increase in inflow.

Approximately 46 mutual funds saw inflow of at least Rs. 1000 cores increase during that time. These are the top 15. The inflow of SBI ETFs could be dominated by EPFO ​​funds. The arbitrage fund AUM could come from those who want to wait for the volatility (need to see when the AUM rose the most in 2020 or 2021).

  1. SBI-ETF Sensex Rs 11243 Crores (approx. Inflow)
  2. Axis Bluechip Fund Rs. 9816 Crores
  3. Kotak Equity Arbitrage Fund Rs. 9242 Crores
  4. Tata Arbitrage Fund Rs. 5667 Crores
  5. Parag Parikh Flexi Cap Fund Rs. 5414 million
  6. SBI-ETF Nifty 50 Rs. 5088 Crores
  7. Nippon India Arbitrage Fund Rs. 4672 Crores
  8. UTI-Sensex-ETF Rs. 4558 Crores
  9. SBI Focused Equity Fund Rs. 4048 Crores
  10. Kotak Balanced Advantage Fund Rs. 3997 Crores
  11. L&T Arbitrage Opp Fund Rs. 3958 Crores
  12. Axis Midcap Fund Rs. 3932 Crores
  13. ICICI Pru Equity-Arbitrage Fund Rs. 3856 Crores
  14. UTI Flexi Cap Fund Rs. 3240 million
  15. Aditya Birla SL Arbitrage Fund Rs. 3116 Crores

The PGIM India Midcap Opp Fund recorded at least Rs. 100 crores of AUM as of March 31, 2020. The AUM increased 1212.43%, the NAV increased 141.77% and the effective inflow increased 1070.67% or approximately Rs. 1317 Millions. These are the top 15 funds with at least Rs. 100 crores as of March 2020.

Schema nameAUM changeExpected inflow (in millions)
PGIM India Midcap Opp Fund1212%1318
PGIM India Flexi Cap Fund950%895
Tata Arbitrage Fund939%5667
L&T Arbitrage Opp Fund788%3959
ICICI Pru Technology Fund774%1990
Canara Rob Bluechip equity fund761%2308
SBI Technology Opp Fund452%462
Tata Digital India Fund378%780
DSP health fund366%766
DSP Quant Fund360%529
Aditya Birla SL Digital India Fund326%620
Mirae Asset Healthcare Fund322%834
HDFC multi-asset funds320%517
Parag Parikh Flexi Cap Fund320%5414

If we remove the minimum AUM restriction, the list will be dominated by quant mutual funds, as we discussed recently: Quant Active Fund Review. However, the actual inflow is low compared to established funds.

Schema nameAUM changeExpected Inflow (Crores)
Quant small cap funds32844%499
Quant active fund7730%576
Quant multi-asset funds5645%49
Invesco India Nifty ETF3483%52
Nippon India ETF Nifty 1003441%177
Quantum control plan2618%183
Quant Infrastructure Fund2397%23
Quant Absolute Fund2337%36
Quantum Consumer Fund2161%10
ICICI Pru Commodity Fund2119%391
IDFC Nifty ETF1415%17th
PGIM India Midcap Opp Fund1212%1318
PGIM India Flexi Cap Fund950%895
Tata Arbitrage Fund939%5667
ICICI Pru Nifty Low Vol 30 ETF866%308

As a viewer on our YouTube channel emphasized, are these decisions (especially the low AUM funds) determined by recommendations from the robo-advisory portals of direct plan and regular plan? Food for thought!

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