Inflows in equity mutual funds rebounded in November, recording ₹29,911 crore in the month, as per data released by industry body Amfi.
This rise in inflows comes after three consecutive months of decline, signalling an improvement in investor sentiment, and marking a 21 per cent increase from the preceding month.
The positive momentum in equity flows also boosted the broader industry’s asset base with total assets under management (AUM) rising to ₹80.80 lakh crore, up from ₹79.87 lakh crore in October.
Retail participation through Systematic Investment Plans (SIPs) showed a slight softening though, as SIP inflows edged down to ₹29,445 crore, compared with ₹29,631 crore in the previous month.
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According to the data, net flows in equity mutual funds rose to ₹29,911 crore in November, up from ₹24,690 crore in October. In September, the net inflow in equities stood at ₹30,421 crore, and ₹33,430 crore in August.
Most sub-categories saw positive traction, except for dividend yield and ELSS funds during the month under review. Flexi-cap funds, which remained a preferred choice, recorded the highest inflows at ₹8,135 crore, though this was a 9 per cent dip from October’s ₹8,929 crore.
In contrast, debt mutual funds saw an outflow of ₹25,692 crore in November after witnessing a hefty inflow of ₹1.6 lakh crore in the preceding month.
Also, gold Exchange-traded Funds (ETFs) witnessed a sharp slowdown, with net inflows falling to ₹3,742 crore from ₹7,743 crore in October, pointing to a shift in investor appetite for safe-haven assets.
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