December 10, 2021
admin
MFs show Strong & positive Inflows during Nov.21
According to Amfi, net inflows into all the five categories of open-ended schemes, income/debt oriented schemes, growth/equity oriented schemes, hybrid schemes, solution oriented schemes, and other open-ended schemes including Index schemes, ETFs, fund of funds schemes have reported positive flows during Nov
Despite sharp correction in markets due to uncertainty led by Omicron variant of covid, net inflows into equity schemes stayed robust in November while monthly systematic investment plan (SIP) surged to record high. Equity mutual fund schemes received a net flow of Rs10,686.77 crore in November, a four-month high, according to data released by Association of Mutual Funds in India (Amfi) on Thursday.
This shows net inflows into such schemes nearly doubled from Rs 5,079.16 crore in October. Monthly SIP contributions were at new high at Rs 11,004.94 crore in November from Rs 10,518.53 crore in previous month.
Markets had succumbed to sharp sell-off towards the end of November with the benchmark indices Sensex and Nifty losing nearly 4% in the month. By the end of November, Nifty had lost 8% from record highs hit in October. However, domestic institutional investors (DIIs) which include mutual funds, insurance companies, banks and pension funds had pumped in Rs 30522.02 crore in November highest in 2021.
The inflows into equity schemes were equal to the SIP book last month, signifying that investor are staying committed to disciplined mode of investing and not taking hasty decisions with short-term market corrections.