Indian Mutual Fund Industry Surpasses Rs 50 Trillion AUM Milestone in December

8 Jan 2024 , 01:07 PM

The assets under management (AUM) of the Indian mutual fund industry crossed the Rs 50 trillion mark in December, buoyed by consistent inflows and a rally in the Indian equity markets, as per data released by the Association of Mutual Funds of India (AMFI).

In December, net inflows into equity mutual funds increased by 9% to reach Rs 16,997 crore. While small-cap funds attracted net investments of Rs 3,858 crore, mid-cap inflows witnessed a 48% decline. Large-cap funds experienced net outflows of Rs 281 crore.

During the month, the Sensex recorded a 7.53% rise, and the NSE Nifty gained 7.93%.

Systematic Investment Plans (SIPs) saw increased inflows, reaching Rs 17,610 crore in December, up from Rs 17,073 crore in November.

Equity-oriented mutual funds saw a 22% decrease in fund flows in November, marking the 33rd consecutive month of net inflows. The large & mid-cap category received an inflow of Rs 2,338.86 crore, while the Focused fund category recorded the highest outflow of Rs 490.96 crore in December, compared to an inflow of Rs 142.67 crore.

On the debt mutual funds front, December witnessed overall outflows amounting to Rs 75,559.93 crore, a significant increase from the Rs 4,706.75 crore outflow in November. Most categories, except for short duration fund, long duration fund, corporate bond fund, and gilt fund with a 10-year constant maturity, experienced outflows in December. Liquid funds saw the highest outflow of Rs 39,675.27 crore, compared to an outflow of Rs 644.73 crore in November. Low duration funds witnessed an outflow of Rs 9,432 crore, up from Rs 967.79 crore in November.