Equity funds (new launches and existing schemes) saw inflows of Rs. 10,296 crore in November while gross redemption stood at Rs. 5,548 crore.
Thanks to inflows in existing schemes and new fund offers, equity mutual funds received net inflows of Rs. 4,963 crore in November.
A large part of inflows came in existing funds (Rs. 9,282 crore) while new fund offers mopped up Rs. 1,014 crore. Investors pulled out Rs. 5,548 crore from equity funds which resulted in net inflows of Rs. 4,963 crore (includes ELSS figures).
Since the beginning of FY 2014-15, equity funds have seen positive inflows each consecutive month. So far, the industry has attracted inflows of nearly Rs.45,000 crore in April-November 2014.
The AAUM of equity funds crossed Rs.3 lakh crore mark in November on account of mark to market gains and fresh inflows. The total AAUM of equity funds stood at 3.15 lakh crore as on November.
The Sensex rallied over 28,600 levels in November which boosted investor confidence in equities. AMFI data shows that four new close end equity funds were launched in November which collectively mopped up Rs.1,014 crore.
Reflecting the positive sentiment among investors, equity funds saw an addition of over 1 lakh folios in November. SEBI data shows that the total number of equity folios has crossed 3 crore in November.
Debt
Income funds saw net inflows of Rs. 18,844 crore in November on expectations of interest rate cut by RBI. In October, the category witnessed inflows of Rs. 15,446 crore. Gilt funds which saw continuous outflows in the recent past, witnessed inflows of Rs. 814 crore. A few fund houses had recently come out with gilt funds with maturity of 10 years.
However, in the debt category, liquid funds saw net outflows of Rs.52,460 crore in November.
Net inflow/outflow in November
|
Category |
Net inflow/outflow in October (Rs. cr) |
AAUM |
|
Equity (Others) |
4748 |
278682 |
|
ELSS |
215 |
36002 |
|
Balanced |
879 |
22,769 |
|
Income |
19844 |
500595 |
|
Gilt |
814 |
7099 |
|
Liquid |
-52460 |
228149 |
|
IDF |
- |
1137 |
|
Gold ETF |
-32 |
7060 |
|
Other ETF |
492 |
5997 |
|
FOFs investing overseas |
-128 |
2819 |
|
Total |
-25628 |
1090309 |
Source: AMFI
ETFs
Gold ETFs continued to see redemption pressure as the category saw net outflows of Rs. 32 crore in November. Meanwhile, other ETFs, which track the equity indices, received inflows of Rs. 492 crore in November.
Overseas fund of funds
Overseas fund of funds saw net outflows of Rs.128 crore in November. Last month, overseas FOFs had witnessed a net outflow of Rs.49 crore. There are 31 international funds in the industry which manage Rs. 2,819 crore.
All in all, the industry saw a net outflow of Rs. 25,628 crore largely on account of outflows from liquid funds. The industry’s AUM dipped marginally to Rs. 10.90 lakh crore in November from Rs. 10.95 lakh crore in October.