Equity mutual fund inflows in November 2024 totaled ₹35,927.3 crore, a decrease of 14.1% compared to ₹41,865.4 crore in October, according to Association for Mutual Funds in India (AMFI) data.
In terms of specific fund categories, large-cap fund inflows dropped by 26.3%, from ₹3,452.3 crore in October to ₹2,547.9 crore in November.
Small-cap funds saw an increase of 9.0%, rising from ₹3,772 crore in October to ₹4,112 crore in November.
Mid-cap funds saw a modest increase of 4.3%, from ₹4,683 crore in October to ₹4,883.4 crore in November.
In addition to equity mutual funds, Exchange-Traded Funds (ETFs) saw a significant drop in inflows, falling from ₹13,441.8 crore in October to ₹1,531.2 crore in November.
Credit Risk Funds continued to face outflows, with ₹196 crore leaving the segment in November compared to ₹357.8 crore in October.
Sectoral and thematic funds also saw a decrease in inflows, dropping from ₹12,278.8 crore in October to ₹7,658 crore in November.
Equity-linked Savings Schemes (ELSS) experienced an increase in inflows, rising to ₹618.5 crore in November from ₹362 crore in October.
New Fund Offerings (NFOs) had inflows of ₹4,052 crore in November, which was lower than the ₹6,078 crore seen in October.
Dividend funds also experienced a drop, with inflows reducing from ₹532.8 crore in October to ₹2,166 crore in November.
AMFI also noted a dip in flows in liquid funds in November, which was in sync with the liquidity conditions in the broader market.
Despite the changes in flows across various segments, Systematic Investment Plan (SIP) contributions remained steady, with flows at ₹25,320 crore in November, almost identical to the ₹25,323 crore seen in October.
The total Assets Under Management (AUM) of the mutual fund industry reached ₹68.08 lakh crore in November, an increase from ₹67.25 lakh crore in October.
Commenting on the broader industry outlook, Manish Mehta, National Head – Sales, Marketing & Digital Business at Kotak Mahindra AMC, pointed out that SIPs, along with lump sum investments on volatile market days, helped maintain strong inflows despite the dip.
Top-notch SEBI registered research analyst
Best SEBI registered Intraday tips provider
Telegram | Facebook | Instagram
Call: +91 9624421555 / +91 9624461555