New Delhi
Mutual fund industry saw its assets base surpassing ₹27 lakh crore-mark in November-end on the back of inflows in debt-oriented schemes including banking and PSU funds, which have a high allocation to highest rated bonds.
The 44-player industry logged an assets under management (AUM) of ₹26.33 lakh crore in October-end, as compared to ₹27.04 lakh crore by November end, representing a growth of 3 per cent, according to data from the Association of Mutual Funds in India (Amfi).
Mutual fund houses witnessed an overall inflow of ₹54,419 crore last month as compared to ₹1.33 lakh crore in October.
Fund managers attributed growth in the asset base to strong inflows of around ₹51,000 crore in debt-oriented schemes.
Among debt-oriented schemes, overnight funds — invest in securities with a maturity of one day– received flows worth about ₹20,650 crore, the highest among the fixed-income segment last month.
Apart from this, banking & PSU funds received funds to the tune of ₹7,230 crore, while ₹6,938 crore was infused in liquid funds, with investments in cash assets such as treasury bills, certificates of deposit and commercial paper for shorter horizon.
The open-ended equity schemes witnessed an infusion of ₹1,312 crore, while there was an outflow of ₹379 crore in close-ended equity plans, taking total equity inflows to ₹933 crore last month. In October, net inflow in such schemes stood at ₹6,015 crore.
“While, equity net inflows have come down sharply in November, partly due to investors booking profits, the overall mutual fund industry AUM reached an all-time high of ₹27 lakh crore,” AMFI CEO N.S. Venkatesh said
“Goal-based, long term systematic investment plan (SIP) investments from retail investors continue to grow steadily, with SIP AUM at an all-time high at ₹3.12 lakh crore,” he added.
Besides, gold exchange-traded funds saw an inflow of over ₹7 crore after witnessing an outflow of ₹31.45 crore in October.
Prior to that, the safe-heaven asset saw an infusion of ₹44 crore in September and ₹145 crore in August.
