Mutual funds log Rs1.4 trillion inflows in November

New Delhi: Investors pumped in over Rs1.4 trillion into various mutual fund schemes in November, with liquid schemes accounting for most of the inflows.

With the latest inflow, the total infusion in mutual fund (MF) schemes reached about Rs2.23 crore in the first eight months (April-November) of the current fiscal, latest data with the Association of Mutual Funds in India (Amfi) showed.

“We appreciate the maturity shown by retail investors in staying invested in the markets, in spite of the volatility over the last few months,” Amfi Chief Executive N.S. Venkatesh said.

“Overall, both inflows and AUM have shown an upward trend. The industry added over 1.5 lakh unique investors last month,” he added.

According to the data, investors poured in a net Rs1,42,359 crore in MF schemes last month, compared to an investment of Rs35,529 crore in October.

However, they had pulled out Rs2.3 trillion in September, which market participants attributed to nervousness among corporate investors following the IL&FS default.

The latest inflow has been mainly driven by contributions to liquid funds and equity and equity-linked saving schemes.

Liquid funds attracted Rs1.36 trillion, while Rs8,400 crore was invested in equity as well as equity-linked saving schemes and Rs215 crore in balanced funds.

Interestingly, gold exchange-traded funds (ETFs) saw a net inflow of Rs10 crore after witnessing pull-out in past several months.

In contrast, income funds saw a pull-out of Rs6,518 crore.

Overall, the inflow has swelled the assets under management (AUM) of the 42-player mutual fund industry to Rs24.03 trillion at the end of November from Rs22.23 trillion in October-end.