At 36,000 crore , November sees MF inflow grow by 11.4 per cent MoM
DSIJ Intelligence / 12 Dec 2016
The MF inflow figures stood at Rs 32,334 crore for the month of October. Thus November saw a decent growth of almost 11.4 per cent inspite of the demonetisation effect ruling the market moods and news touted to bring down the economic growth by at least one percentage point.
Even as the savings and investments in financial assets in India is expected to be on the rise, latest MF data confirms the trend of increased participation in MF in the recent six to eight months.
November month alone saw inflows to the tune of Rs 36,000 crore into mutual fund schemes including both equity and debt scheme which saw the maximum inflows.
The monthly figures adds to the impressive performance since April this year which brings the total MF inflows to Rs 3.03 lakh crore for the period April -Nov 2016.
In similar period the inflow figures stood at Rs 1.84 lakh crore in 2015.
The MF inflow figures stood at Rs 32,334 crore for the month of October. Thus November saw a decent growth of almost 11.4 per cent inspite of the demonetisation effect ruling the market moods and news touted to bring down the economic growth by at least one percentage point.
The November inflow data highlights the increased buying by investors in the income and debt funds.
Income Funds saw an inflow of Rs 18,306 crore; while equity and equity linked savings schemes recorded inflows of Rs 9079 crore.
Balanced Funds saw inflows of almost Rs 3,632 crore; whereas the Gold Exchange Trade Fund (ETF) saw outflows to the tune of Rs 69 crore in the month of November.
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