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Venkat Chalasani, Chief Executive, AMFI said, “Defying a tumultuous month in the equity market, the mutual fund industry's assets reached a new pinnacle of Rs 68.08 lakh crore, driven primarily by robust inflows into growth-/equity-oriented schemes. The unwavering monthly SIP inflows remained above Rs 25,000 crore in November."
Let us look at the key highlights of the month gone by:
Folio count
- The number of folios is at an all-time high at 22.08 crore in November 2024, which was 21.65 crore in October
- The open-ended schemes have folio count of 22.02 crore compared to 21.59 crore folios in October
- The total number of folios in the debt schemes have declined by 2 lakh to 68.50 lakh from 70.50 lakh in October. On the other hand, the number of folios in equity schemes have gone up by around 30 lakh folios to 15.40 crore compared to 15.10 crore folios in October
Equity funds flow
- Net inflows in equity funds have declined by 14% to Rs. 35,940 crore compared to the net inflow of Rs. 41,890 crore in October
- Sectoral/thematic funds have received the highest net inflows last month. These funds have seen net inflows of Rs. 7,658 crore
- Flexi cap and mid cap funds occupy the next two spots with net inflows of Rs.5100 crore and Rs.4900 crore, respectively
- One of the popular fund categories – small cap funds has also witnessed net inflows Rs. 4,112 crore
- Other fund categories with healthy inflows are large and mid cap funds (Rs.4700 crore), multi cap funds (Rs.3600 crore) and large cap funds (Rs.2550 crore)
Debt funds flows
- Debt funds have witnessed net inflows of Rs. 12,900 crore
- Among fixed income funds, low duration funds and ultra short duration funds have received the highest net inflows of Rs. 4,370 crore and Rs. 2,960 crore respectively
- Money market funds have received the third highest net inflows of Rs2400 crore. These funds have registered net inflows of Rs. 2,426 crore
- Liquid funds have witnessed net outflows of Rs. 1,779 crore last month
Hybrid funds flows
- In November, hybrid funds have recorded net inflows of Rs. 4,120 crore as against net inflows of Rs. 16,860 crore in October largely due to outflows from arbitrage funds
- Arbitrage funds have witnessed net outflows of Rs. 1,350 crore while they witnessed inflows of Rs. 7,180 crore in October
- Multi asset allocation funds have recorded the highest inflows among all hybrid fund categories. The fund category has seen inflows of Rs. 2,440 crore, followed by dynamic asset allocation funds (Rs. 1,570 crore) and aggressive hybrid funds (Rs. 914 crore)
Other key highlights
- New SIP registration declined last month. However, the industry has managed to add 10 lakh new SIP accounts in November. As a result, the total number of SIP accounts is 10.22 crore in November
- The SIP AUM is Rs. 13.54 lakh crore in November 2024, while the SIP contribution has remained flat at Rs. 25,320 crores in Nov 2024
- 18 NFOs have raised Rs.4050 crore in November
- November has been the 45th consecutive month registering net inflows
Manish Mehta, National Head - Sales, Marketing & Digital Business, Kotak Mahindra AMC, said, “In spite of the festive season, the industry showed an encouraging net flows number. SIP flows aided by lump sum purchase on certain market volatile days resulted in the overall net numbers coming in above Rs. 30,000 crore.”
Akhil Chaturvedi, Executive Director & Chief Business Officer, Motilal Oswal AMC, said, “Macro-economic factors, geo-political events & US election results resulted in investors opting for wait & watch approach while allocating larger amounts and thus there has been a decline in lumpsum flows and SIP numbers have remained flattish.”
Deepak Ramaraju, Senior Fund Manager, Shriram AMC, said, “The equity category has witnessed a decline in inflows, driven by a slowdown in NFO launches and market fluctuations. However, the small-cap segment continues to draw investor interest, supported by sustained SIP contributions, fresh inflows, and positive mark-to-market performance.”
