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Mutual Funds - Reports

11-Dec-2024 17:54

Inflows into equity mutual funds drop 14% in November

Inflows into equity mutual funds (MFs) declined by 14% in November to Rs 35,943.49 crore from Rs 41,886.69 crore in October, marking the sharpest fall since April 2024, according to data released by the Association of Mutual Funds in India (AMFI). The dip reflects lingering effects of October's market volatility, which impacted investor sentiment.

Systematic Investment Plan (SIP) contributions remained steady at Rs 25,320 crore in November, slightly below October's Rs 25,323 crore. Notably, total assets under management (AUM) for the mutual fund industry hit a record Rs 68.08 lakh crore, up from Rs 67.25 lakh crore in October, driven by strong inflows into equity-oriented schemes despite the market turbulence.

Gross inflows into equity schemes fell 17% from Rs 74,727 crore in October to Rs 61,697 crore in November. Among equity schemes, sectoral and thematic funds saw a sharp drop, attracting Rs 7,657.75 crore compared to Rs 12,278.78 crore in October. Mid-cap and small-cap funds saw inflows at Rs 4,883.4 crore and Rs 4,111.89 crore, respectively.

Debt mutual fund flows saw a staggering 92% decline, dropping to Rs 12,915.9 crore in November from Rs 1,57,402.3 crore in October. Liquid funds faced outflows of Rs 1,778.98 crore, reversing October's inflows of Rs 83,863.34 crore. Flows into overnight and money market funds also shrank significantly, with both categories seeing substantial reductions.

The decline in debt fund inflows was attributed to October's unusually high numbers, which were bolstered by seasonal outflows in September.

Net inflows into hybrid schemes fell 75.5%, dropping to Rs 4,123.69 crore in November from Rs 16,863.3 crore in October. Despite these challenges, mutual fund folios reached an all-time high of 22.08 crore, with retail-oriented schemes contributing 17.55 crore folios.

The number of new SIPs registered dropped to 49.47 lakh in November from 63.70 lakh in October. However, SIP assets under management (AUM) remained strong at Rs 13.54 lakh crore.

While market volatility dampened inflows across several categories, the industry continues to see robust participation from retail investors, as evidenced by record-high folio counts. With equity AUM reaching new heights, experts suggest investors may remain cautious but committed to systematic investments.

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