Equity MF inflows in November drop 14%

Second consecutive month of SIP inflows crossing the ₹25,000-crore mark

- KISHOR KADAM & JOYDEEP GHOSH

AT A TIME when both the Nifty-50 and Sensex have seen volatility with a downward bias, investors have continued to keep their faith in mutual fund schemes.

Net assets under management of mutual fund schemes rose to a new milestone of ₹68 lakh crore. However, on a month-on-month basis, there was a 14% decline in equity inflows in November at ₹35,943.49 crore. This was the biggest drop in the previous seven months.

Both the Nifty and Sensex were flat during the month, returning (-0.31% and 0.52%, respectively.

The SIP (systematic investment plan) book continued to be the key driver, attracting ₹25,319.66 crore, marginally lower than ₹25,322.74 crore in October. This was the second consecutive month of SIP inflows crossing the ₹25,000-crore mark.