The assets under management (AUM) of mutual funds in India climbed to ₹68.08 lakh crore in November, marking an increase from ₹67.25 lakh crore in October, as reported by the Association for Mutual Funds in India (AMFI). Active equity schemes contributed ₹30.35 lakh crore to this total, accounting for 44.5% of the industry’s overall AUM.
Systematic Investment Plans (SIPs) saw investments of ₹25,320 crore in November, maintaining consistency with October’s figures of ₹25,323 crore. The number of SIP accounts hit a record high of 10.22 crore, up from 10.12 crore in October, as per the AMFI data.
According to Himanshu Srivastava, Associate Director-Manager Research at Morningstar Investment Research India, domestic investors took advantage of market corrections to boost their investments in equity-oriented mutual funds.
November marked the 45th consecutive month of net inflows into this category. Equity-linked Savings Schemes (ELSS) inflows also rose significantly to ₹618.5 crore, up from ₹362 crore in October.
“Overall, debt saw a net inflow of only ₹12,915 crore in November which is less than 10% of the net inflows of ₹1.57 lakh crore in October,” said Mayukh Datta, Chief Business Officer, ITI Mutual Fund.
(IANS)
