Inflows into equity mutual funds fell 14 percent month-on-month to Rs 35,943.49 crore in November, from Rs 41,886.69 crore in the previous month, according to the latest data from the Association of Mutual Funds in India (AMFI). This is the biggest decline since April 2024, when monthly equity inflows fell by 16 percent.
In November, Systematic Investment Plan (SIP) contribution in October 2024 was Rs. 25,322.74 crore compared to Rs. 25,319.66 crores. Net assets under management (AUM) stood at Rs 68.08 lakh crore in November as against Rs 67.25 lakh crore in the previous month. month
“Despite a tumultuous month in equity markets, mutual fund industry assets reached a fresh peak of Rs 68.08 lakh crore, mainly driven by strong inflows into growth-/equity-oriented schemes,” said Venkat Chalasani, Chief Executive, AMFI.
According to Mayukh Dutt, Chief Business Officer, ITI Mutual Fund, the impact of volatility in the equity market in October affected the investment sentiment of mutual funds in November. “Gross equity inflows in November declined by 17 percent from the previous month, from Rs 74,727 crore in October to Rs 61,697 crore in November,” Dutt added.
Within equity mutual fund schemes, sectoral/thematic funds saw inflows of Rs 7,657.75 crore, compared to Rs 12,278.78 crore seen in October. Inflows to flexi cap funds were Rs 5,084.11 crore as against Rs 5,180.69 crore.
Mid-cap funds saw inflows of Rs 4,883.4 crore in the reporting month compared to Rs 4,682.9 crore in the previous month. Inflows into small-cap funds were Rs 4,111.89 crore as against Rs 3,771.97 crore in October.
Inflows into debt mutual fund schemes fell 92 per cent to Rs 12,915.9 crore in November, from Rs 1,57,402.3 crore in the previous month. Among the loan schemes, the liquid fund is Rs. 1,778.98 crore saw withdrawals, which in October rose to Rs. 83,863.34 was inflow. Inflows to overnight and money market funds fell to Rs 2,019.34 crore and Rs 2,426.11 crore respectively in November, while Rs. 25,783.59 crore and inflow of Rs.25,303.45 crore.
“Net inflows to debt funds fell by 92 per cent due to outflows in liquid funds and inflows peaked in October due to seasonal outflows in September,” said Sanjay Aggarwal, senior director at CareAge Ratings.
Net inflows in hybrid plans reported a 75.5 percent month-on-month drop to Rs. 4,123.69 crore, which was Rs 16,863.3 crore in October.
Mutual fund folios hit an all-time high of Rs 22.08 crore in the reporting month. The retail mutual fund folio (equity + hybrid + solution oriented schemes) was also at an all-time high of Rs 17.55 crore in November.
The number of new SIPs registered in November was 49.46 lakh as against 63.69 lakh in the previous month. SIP assets under management stood at Rs 13.54 lakh crore in November, the data showed.