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Below the Perspective on AMFI Data by Sanjay Agarwal, Senior Director, CareEdge Ratings

‘‘The Mutual Fund Industry’s AuM witnessed a reduction to Rs.66.93 lakh crore in December 2024 by 1.7% m-o-m, snapping a rising streak which had begun in April. The reduction can be attributed to the expected outflows in debt mutual funds of Rs.1.27 lakh crore. Liquid funds and money market fund outflows at nearly Rs.0.92 lakh crore accounted for the bulk of the same. These are typical quarterly redemption patterns of liquidity management and various corporates requirements. Meanwhile, equity funds have continued to record inflows for 44th consecutive month with all categories witnessing inflows. Thematic funds witnessed an increase in inflows from previous month, which accounted for 37% of the equity monthly inflows reflecting investors’ confidence for thematic opportunities and their aggressive positioning. Additionally, 33 open-ended NFOs were floated in December 2024, which mobilised Rs.0.14 lakh crore with sectoral/thematic funds accounting at Rs.0.11 lakh crore or a share of 83%.’’.

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