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.
This story is from the December 11, 2024 edition of Financial Express Chandigarh.
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This story is from the December 11, 2024 edition of Financial Express Chandigarh.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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