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.
SMC Group (www.smcindiaonline.com), founded in 1990, is India’s leading share and stock broker, provides a wide range of financial services and investment solutions. A blend of extensive experience, diverse talent and client focus has made us the 4th largest broking house in India(Source: Dun and Bradstreet, 2008). Over the years, SMC has expanded its operations domestically as well as internationally. Existing network includes regional offices at Mumbai, Kolkata, Chennai, Cochin, Ahmedabad, Jaipur, Hyderabad, Bangalore plus a growing network of 2100+ offices spread across 425 cities/towns in India.