Equity AUM reached a record high at Rs.9.58 lakh crore in November

SMC | Dec. 13, 2017, 3:19 p.m.

The  mutual fund  industry  has  witnessed net  inflows  of  Rs.40,369   crore  in  equity  funds  including  pure  equity  funds,  balanced,  ELSS  and  equity ETFs in November . It witnessed an increase of 71% from Rs.23,574 crore in October . The total equity AUM has now reached a record high at Rs.9.58 lakh  crore in  November . 

Pure equity funds had received the highest net inflows  of Rs.19,508 crore.  The high inflows  have helped the assets  under  pure  equity  funds  increase  by  Rs.23,861 crore  to  Rs.6.56 lakh  crore  in  November .  Equity  ETFs  replaced  balanced  funds  to  occupy the  second  position in  terms  of  net  inflows.  The category  saw  a  whopping 643%  rise  in  net  inflows  to  Rs.12,447 crore. The category  has witnessed high inflows  due to overwhelming response to the Bharat 22 ETF . The scheme raised Rs.14,500 crore during its  new fund offer .

Balanced funds witnessed a net inflow of Rs.7,614 crore in November . Gold ETF , gilt and FOFs investing overseas were the categories that witnessed net outflows in the month. Overall, the industry witnessed inflows to the tune of Rs.1.26 lakh crore while the total AUM for the month  of  November  stood  at  Rs.22.8  lakh  crore.

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