Thanks to four equity fund launches and a slowdown in redemptions, the mutual fund industry recorded net inflows of Rs. 927 crore in equity funds in November. Investors pulled out Rs. 4347 crore while gross sales stood at Rs. 5274 which resulted in a net inflow of Rs. 927 crore.
ICICI Prudential Value Fund Series I, Axis Small Cap Fund and Union KBC Trigger together collected Rs. 847 crore, shows AMFI data.
Shriram Mutual Fund’s maiden fund Shriram Equity and Debt Opportunities Fund collected Rs. 24 crore. R*Shares Nifty ETF collected Rs. 12 crore while IIFL Liquid Fund mopped up Rs. 20 crore. There was a flurry of FMPs in November with 54 FMPs collecting Rs. 5337 crore.
Gold ETFs continued to attract redemptions. The YTD net outflows from Gold ETFs reached Rs 1645 crore.
The largest share of inflows was received by liquid funds at Rs. 51,436 crore. As a result, the industry’s AUM went up 7% from Rs. 8.33 lakh crore in October to Rs. 8.89 lakh crore in November.
|
Category |
Net inflow/outflow November |
AUM as on November |
|
Income |
-3,333 |
431,050 |
|
Equity |
927 |
151,574 |
|
Balanced |
-270 |
16,135 |
|
Liquid |
51,436 |
246,401 |
|
Gilt |
530 |
7,996 |
|
ELSS |
-228 |
23,554 |
|
Gold ETF |
-131 |
9,325 |
|
Other ETF |
5 |
1,437 |
|
Fund of Funds
investing overseas |
71 |
2,480 |
|
Total |
49,007 |
889,952 |
|
Source : AMFI (Rs. cr) |
||
