Welcome to our monthly Mutual Funds analysis, where we dive into the AMFI’s latest data to help you understand key market trends and make informed investment decisions. This November, we’ve observed some significant shifts in the Mutual Funds landscape. Below are the details.
Industry Highlights.
- Mutual Fund AUM All-Time high : Total assets under management (AUM) surged to an all-time high of ₹68.08 lakh crore, marking a steady growth from the previous month’s ₹67.26 lakh crore despite a challenging equity market environment.
- All-Time High Inflows: Monthly inflows reached ₹60,295 crore, led by strong contributions across open-ended categories.
- Expanding Retail Base: The number of folio accounts rose to 22.08 crore in November 2024, up from 21.65 crore in October 2024, with significant additions in equity-oriented schemes.
Source: AMFI, CRISIL MI&A Research
Types of Mutual Funds and Their Performance
Key Highlights and Unique Observations:
- Equity Funds: Saw robust inflows of ₹35,943 crore, with significant activity in small-cap and mid-cap funds.
- Debt Funds: Reached a record AUM of ₹16.86 lakh crore, with noticeable inflows into low-duration and ultra-short-duration funds.
- Hybrid Funds: Achieved an all-time high AUM of ₹8.77 lakh crore, led by multi-asset-allocation funds.
- Passive Funds: Attracted ₹7,061 crore, with index funds seeing the highest inflows.
- Gold ETFs: Continued to draw investments despite a slight drop in AUM, reinforcing their safe-haven status…
SIP (Systematic Investment Plan) Insights
Stable Contributions: SIP contributions remained robust at ₹25,320 crore, demonstrating a steady commitment from investors despite market volatility.
Folio Growth: The number of SIP accounts continued to grow, crossing 10.22 crore accounts. This growth, although slightly slower compared to previous months, still reflects a strong trend towards disciplined, long-term investment habits.
Asset Contribution: SIPs contributed significantly to the overall mutual fund assets, accounting for approximately 19.9% of the industry’s total AUM. This proportion has remained relatively stable, indicating the enduring appeal of SIPs as a core investment strategy among retail investors.
New Schemes Launched in Nov’24
| Category | Scheme Name | Fund House |
|---|---|---|
| Liquid Fund | Shriram Liquid Fund | Shriram Mutual Fund |
| Small Cap Fund | Trust Small Cap Fund | Trust Mutual Fund |
| Sectoral/Thematic Funds | Bajaj Finserv Consumption Fund | Bajaj Finserv Mutual Fund |
| Motilal Oswal Digital India Fund | Motilal Oswal Mutual Fund | |
| Tata India Innovation Fund | Tata Mutual Fund | |
| Arbitrage Fund | Franklin India Arbitrage Fund | Franklin Templeton Mutual Fund |
| SAMCO Arbitrage Fund | SAMCO Mutual Fund | |
| Index Funds | Aditya Birla Sun Life Crisil-IBX AAA Financial Services Index Sep 2027 Fund | Aditya Birla Sun Life Mutual Fund |
| Axis Crisil-IBX AAA Bond Financial Services – Sep 2027 Index Fund | Axis Mutual Fund | |
| Baroda BNP Paribas Nifty Midcap 150 Index Fund | Baroda BNP Paribas Mutual Fund | |
| Edelweiss Crisil IBX AAA Financial Services – Jan 2028 Index Fund | Edelweiss Mutual Fund | |
| Motilal Oswal Nifty MidSmall Healthcare Index Fund | Motilal Oswal Mutual Fund | |
| Motilal Oswal Nifty MidSmall IT and Telecom Index Fund | Motilal Oswal Mutual Fund | |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund | Motilal Oswal Mutual Fund | |
| Motilal Oswal Nifty MidSmall India Consumption Index Fund | Motilal Oswal Mutual Fund | |
| UTI Nifty Alpha Low-Volatility 30 Index Fund | UTI Mutual Fund | |
| UTI Nifty Midcap 150 Index Fund | UTI Mutual Fund |
Happy Investing,
Saurav Parui.