Are SIP Inflows in November Steady at Rs 29,445 Crore?
Synopsis
Key Takeaways
- SIP inflows in November are at Rs 29,445 crore.
- Net equity inflows increased to Rs 29,894 crore.
- Total mutual fund AUM reached Rs 80.80 lakh crore.
- Gold ETFs saw a sharp decline in inflows.
- Market sentiment remains optimistic.
Mumbai, Dec 11 (NationPress) SIP inflows for the month of November were relatively stable, amounting to Rs 29,445 crore, which is a slight decrease from the Rs 29,529 crore recorded in October, as per data disclosed by the Association of Mutual Funds in India (AMFI) on Thursday.
Even with this minimal decline, the overall participation of investors in mutual funds maintained a strong presence throughout the month.
Net equity inflows experienced a significant increase, rising to Rs 29,894 crore in November, up from Rs 24,671 crore in October.
The total assets managed by the industry also saw growth, reaching Rs 80.80 lakh crore, compared to Rs 79.87 lakh crore the previous month.
Market analysts explained, “The flows this month highlight a positive risk appetite, bolstered by abundant domestic liquidity, robust and consistent retail SIP participation, and optimism regarding India’s economic and corporate earnings outlook for the medium term.”
In terms of equity categories, large-cap funds drew in Rs 1,640 crore, an improvement from Rs 972 crore in October.
Mid-cap funds continued to attract strong interest, with inflows escalating to Rs 4,487 crore, up from Rs 3,807 crore.
Likewise, small-cap funds saw enhanced inflows of Rs 4,407 crore, rising from Rs 3,476 crore the previous month.
However, Gold ETFs experienced a notable drop in inflows, decreasing to Rs 3,742 crore from Rs 7,743 crore in October.
Other ETFs showed better performance, with inflows climbing to Rs 9,721 crore compared to Rs 6,182 crore earlier.
Sectoral and thematic funds also gained momentum, pulling in Rs 1,865 crore against Rs 1,366 crore in October.
Despite liquid funds reporting outflows of Rs 14,050 crore in November, this was a significant reduction from the massive outflows of Rs 89,375 crore observed in October.
Dividend yield funds continued to witness outflows, which grew to Rs 278 crore, up from Rs 179 crore in the previous month.
Experts noted, “Moving forward, with ongoing uncertainty surrounding the timing and pace of monetary easing, flows are expected to remain concentrated in shorter-duration and high-quality strategies, as investors await clearer policy signals before extending their duration exposure.”