The mutual fund industry continued the record run in November. Monthly SIP contribution touched a new high (Rs. 11,005 crore) as it crossed the Rs. 11,000 crore mark for the first time., shows data released by AMFI.
As a result of continued inflows, the average monthly AUM of the industry too touched a new peak of Rs. 38.45 lakh crore.
The other positive last month was the fact that all equity schemes posted positive net inflows. Together, they garnered a net inflow of Rs. 11,615 crore.
Commenting on the data, AMFI CEO NS Venkatesh said, "Despite rising uncertainty owing to feared third wave of the pandemic, and extreme equity market volatility, retail investors continue to display trust on the disciplined SIP mode of savings in mutual funds".
Equity schemes
- Net inflows in open-ended equity schemes crossed the Rs. 10,000 crore mark for the first time in four months. The figure stood at Rs. 11,615 crore
- None of the equity schemes posted negative flows. Flexicap schemes garnered highest net inflows at Rs. 2,660 crore followed by large cap funds (Rs. 1,624 crore)
- Dividend yield funds and ELSS posted lowest net inflows at Rs.54 crore and Rs.174 crore, respectively
Debt schemes
- Debt funds recorded positive inflows for the second consecutive month. The figure stood at Rs. 14,893 crore in November
- The inflows was mostly driven by liquid funds as they garnered a net of Rs. 53,251 crore last month
- Most other debt funds posted negative inflows. Overnight funds posted the largest outflow at Rs. 12,123 crore. Low duration funds (Rs. 6,674 crore outflow) and floater funds (Rs. 5,169 crore) were next in line
Hybrid schemes
- The inflows in hybrid schemes jumped to Rs. 9,422 crore from Rs. 3,588 crore in October.
- Balanced advantage fund was the biggest contributor with Rs. 6,094 crore inflow. Arbitrage funds received the second highest net inflow of Rs.1,045 crore
Overall trend
- Industry AAUM touched a new all-time-high of Rs. 38.45 lakh crore in November. In October, the figure stood at Rs. 38.22 lakh crore.
- Monthly SIP contribution too reached a new peak at Rs. 11,005 crore. This is the first time the figure has crossed the Rs.11,000 crore mark
- SIP AUM at the end of November stood at Rs. 5.5 lakh crore.
