crore in October – According to the latest data from the Association of Mutual Funds (AMFI), inflows into equity mutual funds rose 21 per cent month-on-month to Rs 29,911. 05 crore in November, compared to Rs 24,690. 33 crore in October.

Investments through systematic investment plans (SIP) declined marginally to Rs 29,445 crore in November from Rs 29,529 crore in the previous month. The total assets under management (AUM) of the mutual fund industry increased to Rs 80.

8 lakh crore in the month under review, from Rs 79. 88 lakh crore in October.

โ€œDespite market volatility, investors continue to show confidence in equities,โ€ said Owas Bakshi, head of retail, Kotak Mahindra AMC. Inflows into small-cap funds stood at Rs 4,406.

9 crore in November, compared to Rs 3,476. 04 crore in the previous month. Mid-cap funds saw inflows of Rs 4,486.

91 crore, up 18 per cent from Rs 3,807. 11 crore in October.

Large-cap investments rose 69 per cent to Rs 1,639. 8 crore in October from Rs 971.

97 crore. Net inflows into sectoral/thematic funds increased to Rs 1,864.

99 crore from Rs 1,366. 16 crore in October.

According to AMFI data, flexi-cap category mutual funds received the highest inflows of Rs 8,135. 01 crore. The ability of flexi-cap funds to invest across market caps and their existing large-cap bias attracted funds to this category, Bakshi said.

Story continues below this advertisement There were outflows of Rs 25,692. 63 crore from debt mutual funds in November, compared to an inflow of Rs 1,59,957. 96 crore in October.

This was due to significant outflow of Rs 37,624. 53 crore from overnight funds and Rs 14,050. 72 crore from liquid funds.

Money market funds saw inflows of Rs 11,104. 37 crore in November. Investments in hybrid schemes stood at Rs 13,299.

2 crore as against Rs 14,156. 4 crore in October. Investments in gold and silver exchange traded funds (ETFs) declined to Rs 3,741.

79 crore and Rs 2,154 crore, respectively, in November from Rs 7,743. 19 crore and Rs 3,412 crore in October. The number of contributing SIP accounts declined from 9.

45 crore to 9. 43 crore.