New Delhi, Dec 10 (NationPress) The assets under management (AUM) of India's mutual funds (MFs) reached Rs 68.08 lakh crore in November, an increase from Rs 67.25 lakh crore in October, according to data released by the Association for Mutual Funds in India (AMFI) on Tuesday.

Active equity schemes recorded an AUM exceeding Rs 30 lakh crore, standing at Rs 30.35 lakh crore by the end of November, which now constitutes 44.5 percent of the total mutual fund industry AUM at Rs 68.08 lakh crore.

The inflow into systematic investment plans (SIPs) was reported at Rs 25,320 crore in November, nearly identical to the previous month’s figures (Rs 25,323 crore).

The count of SIP accounts reached an all-time high of 10.22 crore in November, up from 10.12 crore in October, as per the AMFI data.

Himanshu Srivastava, Associate Director-Manager Research at Morningstar Investment Research India, noted that domestic investors maintained their investment momentum in equity-oriented mutual funds throughout November.

“The market correction during the month offered a prime investment opportunity for investors, which they capitalized on. This marks the 45th consecutive month of net inflows into this segment,” he stated.

Inflows into Equity-linked Savings Schemes (ELSS) saw a rise, climbing to Rs 618.5 crore in November from Rs 362 crore in October.

“In contrast, the debt segment recorded a net inflow of only Rs 12,915 crore in November, which is less than 10 percent of the net inflows of Rs 1.57 lakh crore in October,” explained Mayukh Datta, Chief Business Officer of ITI Mutual Fund.

According to Deepak Ramaraju, Senior Fund Manager at Shriram AMC, mid and small cap funds experienced growth in net inflows by 4.3 percent to Rs 4,883 crore and 9 percent to Rs 4,112 crore, respectively.