According to data issued by the Association of Mutual Funds in India, the net inflow of cash into equity mutual funds fell sharply month-over-month (MoM) in November by 76% to Rs2,258.35 crore from an inflow of Rs9,390 crore in October (AMFI).
The SIP book, on the other hand, told a different tale. In November, SIP inflow reached a record high of Rs13,307 crore, up from the previous high of Rs13,040 crore in October. The SIP flow exceeded Rs13,000 crore for the second consecutive month.
The net inflow for all mutual fund schemes in November was Rs13,264 crore, compared to a month-over-month inflow of Rs14,047 crore.
Mutual funds now handle a total of Rs40.5 lakh crore in assets, of which Rs15.3 lakh crore are invested in equity-related schemes.
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