Equity Mutual Funds Inflow Down By 78% In November
Equity Mutual Funds Inflow Down By 78% In November
Mumbai, December 9: The income and debt-oriented schemes witnessed a degrowth of 58 per cent in the month of November, as per the data released by the Association of Mutual Funds in India (AMFI) on December 9, 2019. The net inflows from Income and debt-oriented schemes stood at Rs 51,427.57 crore for the month November as compared to an inflow of Rs 1,21,139.89 crore witnessed during October 2019. Although the open-ended growth and equity-oriented schemes saw a net inflow of Rs 1,311.64 crore in November 2019, it was down by 78 per cent when compared to Rs 6,026.38 crore witnessed in October 2019. Most of the outflows was witnessed from mutli-cap fund, large & mid cap fund as well as small cap fund despite market soaring to new high. On the positive note the overall asset under management stood at Rs 27,04,699.41 crore in November as compared to Rs 26,32,824.43 crore in October 2019, up by 3 per cent.
Similarly, the Average Net Assets Under Management (AAUM) for November saw a marginal increase of 3.1 per cent as compared to the month of October. Commenting on the November 2019 monthly MF data, N S Venkatesh, CEO, AMFI said: "Goal-based, long term SIP investments from retail investors continue to grow steadily, with Systematic Investment Plan (SIP) and Asset Under Management (AUM) at an all-time high at Rs 3.12 lakh crore. While, equity net inflows have come down sharply in November, partly due to investors booking profits, the overall MF industry AUM reached an all-time high of Rs 27 lakh crores.” That said, total amount collected through SIPs during November 2019 stood at Rs 8,272.87 crore as compared to Rs 8,246 crore in October 2019. The SIP accounts as on for the month of November 2019, stood at Rs 2.94 crore.
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