Equity mutual fund inflows dip by 22% in November, small-cap funds still in demand: AMFI | Mint
Active Stocks
Tue Feb 20 2024 15:54:00
  1. Power Grid Corporation Of India share price
  2. 287.95 4.16%
  1. HDFC Bank share price
  2. 1,453.75 2.59%
  1. Tata Steel share price
  2. 141.05 -0.60%
  1. NTPC share price
  2. 345.65 2.01%
  1. ITC share price
  2. 406.05 -0.77%
Business News/ Markets / Stock Markets/  Equity mutual fund inflows dip by 22% in November, small-cap funds still in demand: AMFI
BackBack

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.

Representative image. Image: PixabayPremium
Representative image. Image: Pixabay

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.

 

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
More Less
Published: 08 Dec 2023, 03:54 PM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App