Mumbai: Inflows into mutual funds’ equity schemes increased by over 14 per cent on-month to Rs 41,156 crore in December, even as market volatilities continued.
The small and midcap schemes of mutual funds continued to attract investor interest with inflows touching record highs during the month, despite the concerns being expressed about the two segments for the risk they portend, industry body Amfi said.
Inflows into systematic investment plans came at Rs 26,459 crore, up from November’s Rs 25,320 crore. The SIP assets under management stood at Rs 13.63 lakh crore, which is around a fifth of the overall.
The overall assets under management of mutual funds came at Rs 66.93 lakh crore as on December 31, 2024, which was down from Rs 68.08 lakh crore in the month-ago period.
Asset management companies launched a total of 33 new fund offers during the month through which over Rs 13,643 crore of money was mobilised, Amfi said, adding that this was higher than the 18 schemes that collected over Rs 4,000 crore in November.
“Culmination of NFOs, SIPs and lump sum purchase led to an increase in net sales numbers. Investor confidence on mutual funds are an efficient tool for investments continue to remain strong,” Kotak Mahindra AMC’s national head for sales, marketing and digital business Manish
Mehta said.
Within the equity schemes, sectoral or thematic category attracted investors with the highest net inflow at Rs 15,331 crore, which is almost double of the Rs 7,658 crore in November.
The midcap category saw inflows of Rs 5,093 crore in December 2024, while the smallcap category saw inflows of Rs 4,667 crore, Amfi said, adding that these are record inflows.
The large schemes, which are being recommended by a slew of watchers as a safer bet, saw inflows decline to Rs 2,010 crore in December from over Rs 2,500 crore in November, while the large and midcap category saw Rs 3,811 crore, the Amfi data said.
Gold exchange traded funds continued to witness lackluster inflows for the seventh consecutive month at Rs 640 crore.