Perspective on AMFI data By Mr. Umang Thaker, Motilal Oswal AMC
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Below is Perspective on AMFI data by Mr. Umang Thaker, Head of Products, Motilal Oswal AMC
“A preference for liquidity is evident in the investor behavior – a net inflow of 53k cr in liquid funds for the month of November. It is also no surprise that dynamic funds – funds which switch between debt and equity based on valuation parameters – got the maximum allocation in November. A near term volatility in the benchmark index ( Nifty is down ~5% in November) and a general aversion to perceived high valuations are the likely reasons. MF distributors and advisors have also been instrumental in educating investors about the merits of the dynamic and asset allocation category. Among the equity open ended category, Flexi Cap funds enjoyed the maximum flows of over 2600 cr followed by the Large Cap category at ~1600 Crores in November. Some smart money seems to have exited Thematic and Sectoral funds as profit booking is a natural response after a rally. FII’s were net sellers to the tune of ~40k crores and DII’s added Indian equities worth 30.5 k crores.”
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