Daijiworld Media Network – New Delhi
New Delhi, Dec 11: After three months of declining numbers, equity mutual funds witnessed a strong rebound in November, attracting inflows worth Rs 29,911 crore — a 21% rise compared to October — according to data released by the Association of Mutual Funds in India (Amfi) on Thursday.
The renewed investor confidence also helped the overall mutual fund industry expand its asset base, with total Assets Under Management (AUM) climbing to Rs 80.80 lakh crore, up from Rs 79.87 lakh crore in the previous month.
However, retail participation through Systematic Investment Plans (SIPs) showed a mild dip. SIP contributions slid marginally to Rs 29,445 crore, compared to October’s Rs 29,631 crore.
Amfi data revealed a steady pickup in equity fund inflows:
• August: Rs 33,430 crore
• September: Rs 30,421 crore
• October: Rs 24,690 crore
• November: Rs 29,911 crore
Most equity sub-categories saw positive traction except dividend yield and ELSS funds. Flexi-cap funds continued to dominate investor preference, drawing Rs 8,135 crore, though slightly lower than October’s Rs 8,929 crore.
On the other hand, debt mutual funds witnessed a sharp reversal, recording outflows of Rs 25,692 crore in November after receiving a massive Rs 1.6 lakh crore influx the previous month.
Gold Exchange-Traded Funds (ETFs) also faced a slowdown, with net inflows falling to Rs 3,742 crore from Rs 7,743 crore in October — signalling a reduced rush toward safe-haven assets as market sentiment turned favourable.