New Delhi, December 10 (IANS). Assets under management (AUM) of mutual funds (MF) in India have increased to Rs 68.08 lakh crore in November, which was Rs 67.25 lakh crore in October. This information was received from the data of Association for Mutual Funds in India (AMFI) on Tuesday.
Despite the increase in the AUM of the mutual funds industry, the inflow in MF schemes has fallen on a monthly basis to Rs 35,927.3 crore in November 2024, which was Rs 41,865.4 crore in October.
Last month, inflows into large cap funds fell by 26.3 percent to Rs 2,547.9 crore, which was earlier Rs 3,452.3 crore. However, during this period, investment in smallcaps has increased by 9 percent to Rs 4,112 crore, which was earlier Rs 3,772 crore. At the same time, investment in midcap has increased by 4.3 percent to Rs 4,883.4 crore, which was earlier Rs 4,683 crore.
Inflows into sectoral and thematic funds have declined to Rs 7,658 crore in November, which was Rs 12,278 crore in October. During this period, investment in ETFs has reduced to Rs 1,531.2 crore, which was Rs 13,441.8 crore in October.
Equity-linked savings schemes (ELSS) saw an increase in investment, rising from Rs 362 crore in October to Rs 618.5 crore in November.
Investment in Systematic Investment Plan (SIP) in the country stood at Rs 25,320 crore in November, which was Rs 25,323 crore in October. This is the second consecutive time since October that SIP investments have crossed the Rs 25,000 mark.
The number of SIP accounts reached an all-time high of 10,22,66,590 in November 2024, up from 10,12,34,212 in October and 9,87,44,171 in September.
Himanshu Srivastava, associate director and manager research at Morningstar Investment Research India, said domestic investors continued to invest in Indian stock markets in the month of November. Along with this, this is the 45th consecutive month when monthly inflows into the market have been positive. The recent fall in the market is a good investment opportunity for investors.
–IANS
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