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Equity Mutual Fund Update: In the month of November, there has been a great boom in the stock market. Foreign investors have increased investment. Despite this, investment in equity mutual funds has come down by a whopping 76 per cent. Only 2258.35 crore equity mutual funds have invested in November, while in October the investment was Rs 9390 crore.
However, according to data from the Association of Mutual Funds in India (AMFI), the regulatory body of the Mutual Funds sector, investment through Systematic Investment Plan (SIP) is making a record. In the month of November, investment made through SIP has reached a record high of Rs 13,307 crore, while in October an investment of Rs 13,040 crore came. This is the second consecutive month when the investment coming through SIP has been more than Rs 13,000 crore, then since May the investment through SIP has been above Rs 12,000 crore.
Net inflows across all mutual fund schemes in November stood at Rs 13,264 crore as against Rs 14,047 crore earlier. The total asset under management of mutual funds has reached Rs 40.5 lakh crore, of which Rs 15.3 lakh crore has come in equity-linked fund schemes. SIP AUM has reached Rs 6.83 lakh crore while the number of new SIPs has reached 21.77 lakh. And the mutual fund folio has reached the highest level of 13.97 crore, while the retail folio has reached 11.18 crore.
AMFI Chief Executive Officer (CEO) NS Venkatesh said, outflows are being seen from retail schemes. Investors are booking profits during the festive season. Although he said that the trust of retail investors has increased on mutual funds. So they will come back again.
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Akhil Chaturvedi, Chief Business Officer, Motilal Oswal Asset Management, said that, SIP investment of more than Rs 13000 crore has come which shows the awareness of retail investors towards equity investment. S Ranganathan, Head of Research, LKP Securities, said that the Indian market is the best performing market among the major markets. Foreign investors are booking profit but domestic inflow has reached lifetime through SIP which shows the maturity and confidence of the investor since one year.
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