INSUBCONTINENT EXCLUSIVE:
Mumbai: November was a mixed month for mutual funds, with inflows into equity funds slowing even as liquid funds saw a revival in interest
after the NBFC crisis showed signs of easing.
During the month, overall assets surged by Rs 1.42 lakh crore to touch Rs 24.03 lakh crore,
buoyed by strong inflows of Rs 1.36 lakh crore into liquid and money market funds.
However, inflows into equity oriented mutual funds, which
mutual funds effective October 22
Bank distributors that had worked on upfront payment of commissions reworked their commission structure with fund houses, and this took time
to be implemented across the branches, affecting sales.
However, despite the dip in flows, investors continued to pour money into systematic
investment plans (SIPs), through which inflows in November stood at Rs 7,985 crore, the same level as the previous month
Investors have added Rs 80,645 crore through SIPs in the first 11 months of this calendar year.
Balanced funds, which invest in a mix of
debt and equity, saw inflows dip to Rs 215 crore, the slowest in the past one year
AMFI.
With the NBFC crisis easing, investor confidence in debt funds is returning
said Swarup Mohanty, CEO, Mirae Asset Mutual Fund.
