Mutual Fund Industry Average AUM surged to new peak crossing Rs. 40 lakh crores for the first time ever.
Equity oriented schemes saw a 75% fall in net inflow as compared to the previous month. SIP contributions, however continued to rise to new highs of Rs.13,307 Crs in November.
The Hybrid schemes witnessed a net outflow for the 6th consecutive month primarily from the Arbitrage fund category followed by Dynamic/Balance Advantage fund.
Among Debt Funds, Liquid funds saw the highest net inflows of Rs. 34K Crs which largely absorbed the outflows of Overnight funds.
For all these snippets and much more please read through our Mutual Fund Flow November-2022 report.