Abhijit Powar No Comments

As per AMFI data released, Equity Funds witnessed record inflows whereas income/Debt Funds faced heavy redemptions in December.

All the Equity oriented schemes saw a steady inflow, with Multi Cap funds topping with Rs.10,516 Crs.

Overnight Funds and Dynamic Bond Funds were the only categories to get positive inflows in Income/Debt fund categories.

The contribution through monthly systematic investment plans (SIPs) rose to a record high of Rs.11,305 Crs. in December against ₹11,005 Crs. in November.

SBI AMC retained the top spot in Average AUM as well as absolute increase in AUM over the quarter, followed by ICICI and Kotak. HDFC, surprisingly was at 9th spot.

For all these snippets and much more please read through our report.