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

‘‘The mutual fund industry’s assets under management touched Rs.68.08 lakh crore buoyed by continued inflows in debt as well equity mutual funds despite market volatility due to various macroeconomic factors, and geopolitical events. The growth in debt funds net inflows was at the shorter end of the curve as over 90% of the inflows were in the overnight, ultra short duration, low duration and money market funds. However, net inflows of debt funds reduced 92% sequentially on account of outflows in the liquid funds and as inflows in October 2024 had been high due to seasonal outflows in September 2024. Despite market volatility, equity net inflows have remained positive for the last 45 months, driven by investor confidence, witnessing Rs 0.36 lakh crore net inflows in November 2024 with all equity categories registering net inflows in the month. However, equity inflows declined 14% sequentially coming off record highs in October 2024. During November 2024, 18 open-ended NFOs were floated which collectively mobilised Rs.0.04 lakh crore with sectoral/thematic funds accounting for 68% share. However, net inflows of the sectoral/thematic funds declined 38% as compared to last month’’.

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