Equity mutual fund inflows dip by 22% in November, small-cap funds still in demand: AMFI
- The total inflows amounted to ₹15,536.42 crore in November, as compared to ₹19,957.17 crore in October.
Equity-oriented mutual funds recorded a 22% decline in fund inflows, marking the 33rd consecutive month of net inflows in November this year, as per data released by the Association of Mutual Funds of India (AMFI), the industry's trade organization.
The inflows amounted to ₹15,536.42 crore in November, as compared to ₹19,957.17 crore in October. Notably, all categories of equity mutual funds experienced positive inflows during the month.
Investor interest remained robust in small-cap funds, with the category experiencing substantial inflows of ₹3,699.24 crore, slightly lower than the ₹4,495.13 crore recorded in October. Following closely, the mid-cap category secured the second-highest inflow at ₹2,665.73 crore.
In November, the focused fund category attracted a substantial inflow of ₹142.67 crore. Meanwhile, the ELSS category experienced its lowest inflow for the month at ₹104.40 crore, a decrease from the ₹266.35 crore it received in October.
Debt mutual funds and hybrid funds
In November, debt mutual funds experienced significant outflows, totaling ₹4,706.75 crore, in contrast to the substantial inflow of ₹42,633.70 crore observed in October. However, specific categories such as money market funds, long duration funds, banking and PSU funds, gilt funds, and floater funds recorded inflows during the same period.
The money market fund category registered the most substantial inflow, amounting to ₹865.34 crore, compared to the ₹6,248.46 crore inflow in October. Conversely, the long duration fund category saw the lowest inflow at ₹86.58 crore, down from ₹185.23 crore in October.
Whereas, inflows in hybrid funds categories experienced a substantial 37% surge, totaling ₹13,538.05 crore compared to October's ₹9,906.86 crore. Every hybrid category saw positive inflows during November. The arbitrage fund category led with the highest inflow, recording ₹9,404.23 crore, a notable increase from October's ₹5,523.15 crore.
Following closely, multi-asset allocation witnessed the second-highest inflow at ₹2,589.46 crore in November, while equity savings funds received an inflow of ₹879.75 crore during the same period. Conservative hybrid funds recorded the lowest inflows at ₹2.88 crore, marking a positive shift from October's outflow of ₹1.73 crore.
In November, the 'others' category, encompassing Index Funds and ETFs, experienced an inflow of ₹2,234.24 crore, marking a decline from the ₹7,745.89 crore inflow observed in October. Within this category, Index Funds led with the highest inflows, totaling ₹1,353.46 crore in November compared to ₹2,088.61 crore in October.
Among 'others,' ETFs received a combined inflow of ₹833.62 crore, while Gold ETFs saw an inflow of ₹333.37 crore in November. On the other hand, fund of funds investing in overseas ventures recorded an outflow of ₹286.21 crore in November.
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