Inflows into equity MFs fall 14% sequentially to Rs 35,943 crore in November

“Defying a tumultuous month in the equity market, the mutual fund industry’s assets reached a new pinnacle of Rs 68.08 lakh crore, driven primarily by robust inflows into growth-/equity-oriented schemes,” said Venkat Chalasani, Chief Executive, AMFI.

The impact of equity market volatility in October spilled over in November mutual fund investment sentiments, said Mayukh Datta, Chief Business Officer, ITI Mutual Fund. “Gross equity inflows in November fell 17 per cent  compared to previous month, from Rs 74,727 crores in October to Rs 61,697 crores in November,” added Datta.

Within equity mutual fund schemes, sectoral/thematic funds witnessed inflows of Rs 7,657.75 crore, as against Rs 12,278.78 crore seen in October. Inflows into flexi cap funds stood at Rs 5,084.11 crore compared with 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.

Flows into debt mutual fund schemes declined by 92 per cent to Rs 12,915.9 crore in November, compared to Rs 1,57,402.3 crore in the previous month. Among debt schemes, liquid funds saw outflows of Rs 1,778.98 core, as against inflows of Rs 83,863.34 in October. Inflows into overnight and money market funds dropped to Rs 2,019.34 crore and Rs 2,426.11 crore, respectively in November, as against flows of Rs 25,783.59 crore and Rs 25,303.45 crore.

“Net inflows of debt funds reduced 92 per cent on account of outflows in the liquid funds and as inflows in October had been high due to seasonal outflows in September ,” said Sanjay Agarwal, Senior Director, CareEdge Ratings.

Net inflows into hybrid schemes declined by 75.5 per cent to Rs 4,123.69 crore in the reporting month, compared to Rs 16,863.3 crore in October.

Mutual fund folios hit an all-time high at 22.08 crore in the reporting month. Retail mutual fund folios (equity + hybrid + solution oriented schemes) were also at an all-time high at 17.55 crore in November.

The number of new SIPs registered in November stood at 49.46 lakh as against 63.69 lakh in the previous month. The SIP assets under management stood at Rs 13.54 lakh crore in November, the data showed.