Equity MFs see ninth straight month of inflows in Nov, at over Rs 11,000 cr

This, even as benchmark indices saw their biggest correction in 21 months

Investors continued to pour money into equity mutual funds (MFs) in November even as the benchmark indices saw their biggest correction in 21 months.

Equity-oriented schemes saw net inflows of Rs 11,614.73 crore during their month. This was the ninth consecutive month of inflows, with inflows since March totaling 78,765 crore. However, in recent months’ bulk of the net equity inflows have been on account of systematic investment plans (SIPs), a signal that lump sum investments have seen sharp moderation.

In November, the SIP tally stood at highest-ever Rs 11,005 crore. The number of MF SIP accounts rose to 47.8