The inflow in equity mutual funds declined drastically by 76 percent in the month of November to ₹2,258 crore against ₹9,390 in October.
On the contrary, debt funds saw a massive increase from an outflow of ₹2,817 crore to ₹3,668 crore with three new schemes.
It is worth mentioning here that October also saw a considerable fall in equity funds’ inflow when it declined from ₹14,100 crore in September to ₹9,390 crore the following month, reporting a fall of 33 percent.
Other fund schemes
Retirements and children’s fund schemes saw an inflow of ₹92.84 crore in November against the previous month’s inflow of ₹172 crore.
At the same time, index and ETFs (exchange traded funds) witnessed a slightly higher inflow of ₹10,394 crore against the previous month's inflow of ₹10,260 crore.
Likewise, close-ended schemes saw an inflow of ₹3,240 crore against the previous month's outflow of ₹-84.65 crore.
Overall, a total of 17 open-ended and 9 close ended schemes were launched in the month of November, thus garnering a total of ₹7,199 crore.
Out of these, maximum mobilisation of funds to the tune of ₹3,703 crore was carried out by nine fixed term plans (FMPs).
SIP contributions inch towards further growth as November monthly data shows SIP contribution of ₹13,306.49 crores as compared to ₹13,040.64 crores last month. And mutual fund folios crossed all-time high at 13,97,55,150 and retail MF Folios too at all-time high at 11,17,60,343.
N S Venkatesh, Chief Executive, AMFI said: “Market continues to react to global headwinds. Rate hikes will continue to impact global markets but not for long, irrespective of that mutual fund industry has performed well. There have been outflows from the retail schemes as people are encashing profits, the reason being increased consumption, owning to the festive season. Retail investors have faith in the MF Industry growth, therefore they will re-enter the market quickly."