November saw an inflow of Rs 35,943 crore into equity mutual funds, a 14 per cent month-over-month (MoM) decline due to increased volatility brought on by a number of macroeconomic factors, geopolitical events, and the outcome of the US election.
However, according to data released Tuesday by the Association of Mutual Funds in India (AMFI), it was the 45th consecutive month of net inflows into equity-oriented funds, indicating the growing popularity of mutual funds among investors.
AUM increased from Rs 67.25 lakh crore to 68.08 lakh crore
In total, the mutual fund industry received Rs 60,295 crore during the reviewed month, compared to Rs 2.4 lakh crore during October. The industry’s net assets under management increased from Rs 67.25 lakh crore in October to Rs 68.08 lakh crore last month, despite the decline.
NOVEMBER AMFI DATA
Inflow at `60295 cr vs Inflow at `239829cr
Equity Inflow at `35943 cr vs Inflow at `32840 cr
Total AUM at `68.1 lk cr vs `68.5lk cr
Equity AUM at `30.4 lk cr vs `29.9lk cr
— Sharad Dubey (@Sharad9Dubey) December 10, 2024
Inflows in equity and thematic schemes
According to the data, equity-oriented schemes saw a record inflow of Rs 41,887 crore in October, but an inflow of Rs 35,943 crore in November.
The sectoral theme within the equity schemes drew the largest net inflow of Rs 7,658 crore during the reviewed month. In contrast to Rs 12,279 crore in October and Rs 13,255 crore in September, the segment’s flow was lower.
The sectoral theme within the equity schemes drew the largest net inflow of Rs 7,658 crore during the reviewed month. In contrast to Rs 12,279 crore in October and Rs 13,255 crore in September, the segment’s flow was lower.
Impact
Midcap-Smallcap schemes see strong flows for 4th month
Large cap flows down 26% MoM to Rs 2548cr
Flow in sectoral thematic funds jumps to >Rs 7k cr
Focused funds see inflows of Rs 12,279cr
Strong flows seen in Flexicap Funds for 8th straight month
— Sharad Dubey (@Sharad9Dubey) December 10, 2024
Shift to small cap from large cap
While small-cap funds saw an increase from Rs 3,772 crore to Rs 4,112 crore during the same period, large-cap fund inflows decreased from Rs 3,452 crore in October to Rs 2,548 crore in November.
While NFO activity slowed last month, there has been a shift away from low-risk options like large-cap and hybrid funds and toward higher-risk options like small-cap funds.
