November month saw a new milestone for MF industry with Rs. 30 Lakh Crore net assets under management.
Indian equity markets saw a surge due to highest ever monthly inflows of FII in Indian markets and better than expected economic data. This surge was treated as an opportunity to book profits and heavy redemptions were seen in equity mutual fund schemes across categories.
In debt, money flowed from low duration categories to higher duration categories for better returns through accruals in a low interest rate scenario.