Gold ETFs saw inflows drop to Rs 3,742 crore from Rs 7,743 crore, while other ETFs and sectoral funds recorded higher inflows in November
MUMBAI
Systematic Investment Plan (SIP) inflows remained steady in November, touching Rs 29,445 crore, just a little below October’s Rs 29,529 crore, according to fresh data released by the Association of Mutual Funds in India (AMFI). Despite the slight dip, investor interest in mutual funds stayed firm, showing confidence in the market’s long-term outlook.
Equity markets also saw positive sentiment. Net equity inflows rose to Rs 29,894 crore in November, climbing from Rs 24,671 crore in October. This steady rise highlights growing participation from retail investors. At the industry level, total assets under management increased to Rs 80.80 lakh crore, compared to Rs 79.87 lakh crore a month earlier.
Market experts said the steady flow of money reflects strong domestic liquidity, consistent SIP contributions, and optimism regarding India’s economic and earnings growth over the coming years.
Within equity categories, large-cap funds received Rs 1,640 crore, up from October’s Rs 972 crore. Mid-cap funds saw inflows of Rs 4,487 crore, while small-cap funds attracted Rs 4,407 crore, showing continued interest in broader market segments.
However, gold ETFs experienced a notable drop in inflows, slipping to Rs 3,742 crore from Rs 7,743 crore in October. Other ETFs performed better, with inflows rising to Rs 9,721 crore compared to Rs 6,182 crore earlier. Sectoral and thematic funds also saw improved demand, receiving Rs 1,865 crore in November.
Liquid funds reported outflows of Rs 14,050 crore, though this was far lower than the heavy outflows of October. Meanwhile, dividend yield funds continued to see money moving out.
Experts believe that with uncertainty around global rate cuts, investors may prefer short-duration and high-quality strategies until monetary policies become clearer.
