Net MF inflows decline 68% in November

Income fund category continues to remain the top money gatherer.

The domestic mutual fund (MF) industry saw a net inflow of Rs 45,124 crore in November, a fall of 68 per cent compared with the previous month, when the industry’s net inflow was at Rs 1,41,291 crore. The is due to a substantial dip in inflows into income funds.

According to the Association of Mutual Funds in India (Amfi), income funds continued to attract the most funds despite a dip in net inflows.

However, the income fund category failed to continue October’s momentum. The net inflow dipped to Rs 37, 649 crore from Rs 1,51,271 crore in the previous month.
 

Net inflow/ (outflow) in Nov
Income	37,649
Equity	-1,109
Balanced	-2.00
Liquid/ Money Mkt	8581.00
GILT	-260.00
ELSS - equity	36.00
Gold ETFs	65.00
Other ETFs	261
Fund of funds investing overseas	-97
Total	45,124
Figures in Rs crore Source : AMFI

The schemes in the liquid and money market category turned positive in November as they managed a net inflow of Rs 8,581 crore as against a net outflow of Rs 7,344 crore in October.

Equity funds managed to do better as their net outflow came down by almost half to Rs 1,109 crore compared with Rs 2,123 crore in October.

GILT funds saw a net outflow of Rs 260 crore while the total outflow in case of fund of funds investing overseas stood at Rs 97 crore.

New schemes gathered Rs 947 crore, a dip of 85 per cent compared with October, when new schemes got Rs 6,270 crore. Investors continued to stay away from new equity schemes as these could manage only 24 per cent of the total corpus of Rs 229 crore.

The net inflow for the current financial year (April-November) stood at Rs 2,98,843 crore. However, during the same period last year, the domestic fund market had seen a net outflow of Rs 30,530 crore.

The assets under management of the domestic fund industry during the month rose to Rs 8,21,659 crore, up 6.05 per cent from Rs 7,74,796 crore in October.