Equity mutual fund net inflows over Rs 11,000 crore in November: AMFI

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Equity-linked mutual funds recorded net inflows of more than Rs 11,614.73 crore in November, according to data released Thursday by the Association of Mutual Funds of India (AMFI).

In October, net inflows were over Rs 5,214 crore.

In September the influx exceeded Rs 8,600 crore and in August it stood at Rs 8,056.80 crore.

In addition, contributions through systematic investment reached Rs 11,004.94 crore, the highest monthly SIP contribution.

As of October, contributions to the SIP amounted to Rs 10,518.53 crore.

According to the data, the Indian MF industry’s net AUM amounted to over Rs 37.33 lakh crore for November 2021.

“Despite the growing uncertainty due to the dreaded third wave of the pandemic and the extreme volatility of the stock markets, retail investors continue to benefit from it and therefore are also sticking to showing confidence in the mode of delivery. ‘Disciplined SIP savings in mutual funds,’ said AMFI CEO NS Venkatesh. .

“On the back of the RBI’s accommodative policy, focusing on economic recovery and growth and keeping inflation within target, we expect the MF industry to continue to grow. ” show robust growth and deliver value to its investors beyond 2021, in the years to come. “

–IANS

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(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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