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  • MF News Equity AUM reached a record high at Rs.9.58 lakh crore in November

    Equity AUM reached a record high at Rs.9.58 lakh crore in November

    Despite volatility, the inflows to equity mutual funds continue to dazzle.
    Padmaja Choudhury Dec 8, 2017

    The mutual fund industry has witnessed net inflows of Rs.40,369  crore in equity funds including pure equity funds, balanced, ELSS and equity ETFs in November. It witnessed an increase of 71% from Rs.23,574 crore in October. The total equity AUM has now reached a record high at Rs.9.58 lakh crore in November.

    Pure equity funds had received the highest net inflows of Rs.19,508 crore. The high inflows have helped the assets under pure equity funds increase by Rs.23,861 crore to Rs.6.56 lakh crore in November.

    Vidya Bala, Head of Mutual Fund Research at Fundsindia.com attribute it to fresh inflows. “New investors are entering the equity market as equity funds are delivering attractive returns compared to other asset classes. Secondly, we also see that most investors resume their investments after the festival season,” said Vidya.     

    Equity ETFs replaced balanced funds to occupy the second position in terms of net inflows. The category saw a whopping 643% rise in net inflows to Rs.12,447 crore. The category has witnessed high inflows due to overwhelming response to the Bharat 22 ETF. The scheme raised Rs.14,500 crore during its new fund offer.

    Balanced funds witnessed a net inflow of Rs.7,614 crore in November.

    Gold ETF, gilt and FOFs investing overseas were the categories that witnessed net outflows in the month. Overall, the industry witnessed inflows to the tune of Rs.1.26 lakh crore while the total AUM for the month of November stood at Rs.22.8 lakh crore.

    Monthly AUM and net inflows/outflows for November 2017

    Category

    November AUM in Rs. Crore

    Net inflow/outflow

    Equity

    6,56,269

    19508

    ELSS

    76,897

    800

    Balanced

    1,55,105

    7614

    ETFs other

    70,041

    12,447

    ETFs gold

    4,922

    (89)

    Income

    8,67,736

    9,374

    Gilt

    15,190

    (846)

    Liquid

    4,29,066

    77,408

    FOFs investing overseas

    1,553

    (44)

    Total

    22,79,032

    1,26,172

    Source: AMFI

     

     

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