Inflows to equity mutual funds fell 14% in Nov, SIP contribution dropped, reveals AMFI data | Mint

Inflows to equity mutual funds in November declined 14 percent to ₹35,943.49 crore against ₹41,886.69 crore in October, reveals the latest Association of Mutual Funds in India (AMFI) data released on Tuesday. 

Thematic funds saw maximum inflow among equity funds i.e., ₹7,657 crore against ₹12,278 crore in the previous month.

This was followed by flexi cap funds which stood at ₹5,084 crore. 

Debt mutual funds saw an inflow of ₹12,915 crore last month in November against ₹1.57 lakh crore in the previous month.

Hybrid mutual funds saw a decline of 75.5 percent to ₹4,123 crore in November from ₹16,863 crore in the previous month.

Index mutual funds saw a fall of 45 percent to ₹4,342.8 in November from ₹7,931 crore in October.

“Defying a tumultuous month in the equity market, the mutual fund industry’s assets reached a new pinnacle of ₹68.08 lakh crore, driven primarily by robust inflows into growth-/equity-oriented schemes. The unwavering monthly SIP inflows remained above ₹25,000 crore in November, showcasing the investors’ long-term vision and commitment to their financial goals, despite the short-term market fluctuations,” said Venkat Chalasani, Chief executive, AMFI.

SIP data

Investment via systematic investment plans (SIPs) in November stood at ₹25,319.66 crore. Last month the corresponding figure was 25,323 crore. And in September, this figure stood at ₹24,509 crore. 

The number of new SIPs registered in Nov 2024 stood at 49,46,408, whereas in Oct, it was 63,69,919.

The SIP AUM is at ₹ 13,54,104.70 crores for the month of November 2024. The number of SIP accounts stood at highest ever at 10,22,66,590 in November 2024 as compared to 10,12,34,212 in Sept 2024.

Key details:

Mutual Fund Industry’s Net AUM stands at ₹ 68,08,101.16 crores for the month of November 2024. AUM for the month of October 2024 ₹ 67,25,614.61 crores

The AAUM for Nov 2024 is ₹ 68,04,913.46 crores and for the month of Oct 2024 was ₹ 68,50,321.44 crores

Mutual Fund Folios are at all-time high at 22,08,14,387 in Nov 2024

Retail MF Folios (Equity + Hybrid + Solution Oriented Schemes) also at an all-time high at 17,54,84,468 for the month of Nov 2024 as compared to 17,23,52,296 for the month of Sept 2024.

Other Schemes

In the category of other schemes, index funds saw a decline of 45 percent in inflow to ₹4,342 crore in November. Gold ETFs saw a fall of 35.9 percent to ₹1,256 crore.

Meanwhile, other ETFs saw a considerable fall to ₹1,531 crore against ₹13,441 crore.

New fund offers

Last month saw a launch of 18 new fund offers which in total raised ₹4,052 crore. Maximum number of new fund launches (a total of 10) happened in the index fund category, which raised a total of ₹523 crore. Meanwhile, three schemes were launched in the sectoral funds category which raised ₹2,751 crore.

Besides these, last month also saw a launch of one ETF, two arbitrage funds and one liquid fund, shows the latest data.