Mumbai: Inflows into India’s equity mutual funds declined 22.15%t month-on-month in November. The total inflow into India’s equity mutual fund in last month is to Rs 15,536 crore. Data released by the Association of Mutual Funds in India (AMFI) revealed this. As per data investors continue to prefer small- and mid-cap funds on hopes of strong returns.
The inflows dropped 22.15% month-on-month to Rs 15,536 crore in November from Rs 19,957 crore in October. This is the 33rd consecutive month of inflows on a net basis.
Mutual fund inflows in equity-oriented schemes were at Rs 1.45 lakh crore, so far this year. Contributions into systematic investment plans (SIPs) — in which investors make regular payments into mutual funds – hit a record of 170.73 billion rupees in November, with the number of SIP accounts rising by 1.41 million to 74.41 million, also an all-time high.
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Small-cap funds accounted for most of the investments for the 14th straight month at Rs 3,699 crore, about 12 times the inflows of Rs 307 crore into large-caps.
Mid-caps received inflows worth Rs 2,666 crore, compared with Rs 2,409 crore in October. Small- and mid-caps jumped 12% and 10.4%, respectively, in November, powered by retail inflows. The small- and mid-cap indexes gained 48% and 40% so far this year.
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