INSUBCONTINENT EXCLUSIVE:
Net circulations into equity mutual funds witnessed four-month high levelsNet streams into equity shared funds witnessed a four-month high
level of Rs 11,615 crore in November on a strong organized investment strategy (SIP) book despite market volatility.This was also the ninth
consecutive regular monthly net inflow, according to the Association of Mutual Funds in India (AMFI) data launched on Thursday.In contrast,
equity shared funds saw net inflows to the tune of Rs 5,215 crore in October, Rs 8,677 crore in September and Rs 8,666 crore in August.The
month of November saw the highest monthly net infusion because July, when equity-oriented mutual funds witnessed a net inflow of Rs 25,002
crore.Equity plans have actually been seeing net inflows given that March this year
The section has actually received a net inflow of Rs 85,381 crore throughout this period, highlighting the favorable sentiments amongst
investors.Prior to this, such plans had consistently experienced outflows for 8 months from July 2020 to February 2021, losing Rs 46,791
crore in the process.Overall, the shared fund industry registered net inflows of Rs 46,165 crore in November as compared to Rs 38,275 crore
in October.The inflow pushed the possessions under management (AUM) of the industry to an all-time high of Rs 38.45 lakh crore at
November-end, from Rs 38.21 lakh crore at October-end
AMFI President N S Venkatesh attributed the outstanding AUM to net flows and continued robust increase in the month-to-month methodical
investment plan (SIP) contribution
In spite of increasing uncertainty owing to feared 3rd wave of the pandemic, and severe equity market volatility, retail financiers continue
to benefit and for this reason also adhere to showing trust on the disciplined SIP mode of savings in shared funds, Mr Venkatesh, stated.
