Equity investment crosses ₹20 lakh crore mark for first time!
Net Asset Under Management (AUM) of equity mutual funds have gone past ₹20 lakh crore for first time in India’s history: Amfi data
Retail investors have gone big on equity investing in India. Net Asset Under Management (AUM) of equity mutual funds have gone past ₹20 lakh crore for first time in India’s history. According to the Association of Mutual Funds in India (Amfi), as of November 30, 2023, equity funds’ net AUM reached ₹20.33 lakh crore up 30 per cent year-on-year (YoY) from ₹15.58 lakh crore in same month an year ago.
On the other hand, net inflows in equity funds has increased by almost seven times in last one year. In November 2023, equity funds got net inflows of ₹15,536 crore up almost seven times from ₹2,258 crore in year ago period. Retail investors invested mostly in small cap funds in the month under consideration. Small cap funds saw net inflows of ₹ 3,699 crore in November 2023. Other funds where retail investors invested heavily were mid cap and thematic funds.
Debt mutual funds on the other hand saw net outflows of ₹4,706 crore in the said month. Albeit, net AUM of debt funds have also increased 8 per cent YoY to ₹13.57 lakh crore in the month under consideration from ₹ 12.56 lakh crore in November 2022.
Total AUM of mutual fund industry has ballooned 21 per cent YoY to ₹49.04 lakh crore in November 2023 from ₹40.37 lakh crore in November 2022.