Equity mutual funds (MFs) saw net investor inflow of Rs 20,308 crore in November, despite weakness in the stock market. This is the second time after August that equity schemes got monthly inflow in excess of Rs 20,000 crore. The average inflow for the previous four months was Rs 18,900 crore.With this, total inflow for the year is Rs 1.36 lakh crore, highest yet in a calendar year. The total of equity assets is Rs 8.3 lakh crore or 37 per cent of assets under management (AUM) in the sector, which also rose to a record Rs 22.8 lakh crore at the end of November. Overall AUM saw an increase of 6.5 per cent over the month.Barring gilt schemes and gold funds, all other fund categories had inflow. Total inflow in the sector was Rs 1.26 lakh crore, led by liquid and money market funds which brought Rs 77,400 crore.Sector executives say MFs as a product are establishing a strong connect with investors. Other factors such a lower rate of interest in bank deposits and a weak outlook in the ...
