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Business News/ Money / Personal Finance/  Mutual funds: Equity schemes strike a chord with retail investors in 2023. Details here
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Mutual funds: Equity schemes strike a chord with retail investors in 2023. Details here

The equity-oriented schemes’ proportionate share rises to 54.9 percent of the industry assets in Nov 2023, whereas the proportionate share of debt-oriented schemes falls to 18.5 percent of industry assets in Nov 2023, reveals the latest AMFI data

The cumulative inflow into equity mutual funds for the entire 2023 stood at ₹1,44,576 crore up to Nov 30, Premium
The cumulative inflow into equity mutual funds for the entire 2023 stood at 1,44,576 crore up to Nov 30,

In the calendar year 2023, investors’ interest in equity-oriented mutual funds was noticeably high. It is seen as a direct impact of the ongoing bull run of broader market indices. BSE Sensex gave an annual return of 16 percent, so the growing interest of investors in equity is quite understandable.

As far as mutual funds are concerned, total inflow into equity schemes remained in the positive territory every month. Conversely, inflow into debt schemes remained in negative for seven out of 11 months, shows the Association of Mutual Funds in India (AMFI) data as on Nov 30, 2023.

Consequently, cumulative inflow into equity funds for the year 2023 stood at 1,44,576crore,more than four times the cumulative inflow in debt mutual funds which stood at 29,470 crore (see the table below).

The highest equity inflow of 20,534 crore was reported in the month of March while the lowest of 3,240 crore was witnessed in May.

Inflow into mutual fund schemes

Month            Equity inflow ( crore) Debt inflow ( crore)
Jan                                          12,546-10,316
Feb                                             15,685-13,815
Mar                                         20,534-56,884
Apr                                               6,4801,06,677
May                                             3,24045,959
June                                             8,637-14,135
July                                            7,62561,440
Aug                                                 20,245-25,872
Sept                                               14,091-1,01,511
Oct                                            19,95742,633
Nov                                              15,536-4,706
Total                                         1,44,576 29,470 

Thanks to the continuous rise in equity inflow, total AUMs of equity funds stood atRs 20.33 lakh crore whereas the debt schemes’ AUMs stood at 13.57 lakh crore as on Nov 30, 2023.

With the investors’ interest gradually moving towards equity, the overall proportion of equity-oriented schemes has now surpassed that of debt schemes.

The latest AMFI data shows the equity-oriented schemes’ proportionate share has risen to 54.9 percent of the industry assets in Nov 2023, higher than 51.7 percent in Nov 2023.

On the other hand, the proportionate share of debt-oriented schemes is 18.5 percent of industry assets in Nov 2023 lower than 19 percent in Nov 2022.

 

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Published: 27 Dec 2023, 03:23 PM IST
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