Equity mutual funds saw inflows of Rs 35,943 crore in November, marking a 14 percent month-on-month decline, amid heightened volatility caused by various economic factors, national events and the US election results.
Despite this, it marked the 45th consecutive month of net inflows into equity-oriented funds, reflecting the growing popularity of mutual funds among investors, according to Association of Mutual Funds in India (AMFI) data released on Tuesday.
“There has been significant volatility due to various macroeconomic factors, national events and US election results. This has resulted in investors opting for a wait-and-see approach while allocating large amounts and thus reducing lumpsum flows including flat SIP numbers for November 2024,” Akhil Chaturvedi, CBO, Motilal Oswal AMC, said.
Overall, the mutual fund industry saw an inflow of Rs 60,295 crore in the month under review as against Rs 2.4 lakh crore in October.
Despite the decline, the industry’s assets under management rose to Rs 68.08 lakh crore last month from Rs 67.25 lakh crore in October.
According to the data, equity-oriented programs saw an inflow of Rs 35,943 crore in November compared to a record inflow of Rs 41,887 crore in October.
Within the equity agenda, industry titles attracted investors with the highest inflows of Rs 7,658 crore in the month under review. However, the segment’s inflows were modest compared to Rs 12,279 crore in October and Rs 13,255 crore in September.
Inflows into large-cap funds fell from Rs 3,452 crore in October to Rs 2,548 crore in November, while small-cap funds saw growth from Rs 3,772 crore to Rs 4,112 crore during the same period.
