Overall, active equity schemes AUM rose to Rs 30.35 lakh crore from Rs 30 lakh crore at the end of November, which now accounts for 44.5 per cent of the total mutual industry AUM of Rs 68.08 lakh crore. Inflows into structured investment plans (SIPs) in the country stood at Rs 25,320 crore in November, almost identical to the October figure (Rs 25,323 crore).
According to AMFI data, the number of SIP accounts was at an all-time high of 10.22 crore in November, up from 10.12 crore in October. According to Himanshu Srivastava, associate director-manager research, Morningstar Investment Research India, domestic investors continued to invest in equity-based mutual funds in the month of November as well.
“The correction in the markets during the month provided a good investment opportunity for investors, which they did not fail to take advantage of. It posted the 45th consecutive month of net income in the segment.”
Equity Linked Savings Schemes (ELSS) saw an increase in inflows, which rose to Rs 618.5 crore in November from Rs 362 crore in October. “Overall, November saw a net outflow of just Rs 12,915 crore in credit which is less than 10 per cent of the net inflow of Rs 1.57 lakh crore in October,” said Mekh Dutta, Chief Business Officer, ITI Mutual Fund. .
Deepak Ramaraju, senior fund manager, Shriram AMC, said mid- and small-cap funds grew net income by 4.3 per cent to Rs 4,883 crore and 9 per cent to Rs 4,112 crore, respectively.