For mutual funds, November told a tale of two extremes. For regular inflows into Mumbai’s money-management industry, it was the best of times: For equity funds, it was among the worst — at least in recent memory.
Inflows into equity schemes hit a 41-month low of Rs 1,312 crore, but monthly collections through systematic investment plans (SIP) hit an all-time high of Rs 8,273 crore. And these coincided with the two biggest equity indices hitting records.
