Equity and equity-linked mutual fund schemes saw a net outflow of Rs 10,147.12 crore in December, showed data from the Association of Mutual Funds in India (AMFI) on Friday.
New Delhi:
The net outflow stood at Rs 12,917.36 crore in November, Rs 2,724.95 crore in October and Rs 734.40 crore in September.
The outflow had stood at Rs 4,000 crore in August. In July, the net outflows stood at Rs 2,480.35 crore. However, the contributions through systematic investment grew to Rs 8,418.11 crore in December from Rs 7,302.16 crore in November from Rs 7,799.98 crore reported during October.
As per AMFI, since the last three days of Nov, 2020, were non-business days, the systematic investment plan (SIP) contribution for December 2020 includes the SIP contribution that was due on these days.
“Mutual Funds Industry Assets Under Management at an all-time high, increase in retail folios and SIP folios, is reflective of investor confidence in mutual fund asset class,” said NS Venkatesh, Chief Executive of AMFI.
Conversations