Highlights

  • Equity funds surge: ₹17,000 crore inflow in December 2023.
  • SIPs hit ₹17,610 crore; sectoral funds attracted ₹4,259 crore.

Latest news

Richard Lewis, comedian and star of 'Curb Your Enthusiasm,' passes away at 76

Richard Lewis, comedian and star of 'Curb Your Enthusiasm,' passes away at 76

Texas battles second-largest wildfire in its history

Texas battles second-largest wildfire in its history

Ghana passes anti-LGBTQIA bill, imposes harsh penalties

Ghana passes anti-LGBTQIA bill, imposes harsh penalties

Watch: father, son set JCB on fire during demolition drive in Bengaluru

Watch: father, son set JCB on fire during demolition drive in Bengaluru

Himachal minister Vikramaditya Singh puts resignation on hold hours after quitting

Himachal minister Vikramaditya Singh puts resignation on hold hours after quitting

Train runs over people on railway tracks in Jamtara, 2 killed

Train runs over people on railway tracks in Jamtara, 2 killed

Christian Horner to stay on as Red Bull chief after being cleared of alleged misconduct

Christian Horner to stay on as Red Bull chief after being cleared of alleged misconduct

'A really important moment for F1', Lewis Hamilton on allegations against Red Bull boss Christian Horner

'A really important moment for F1', Lewis Hamilton on allegations against Red Bull boss Christian Horner

Equity mutual funds witness 9% surge in inflows, reach ₹17,000 crore in December

Small-cap funds gathered close to ₹3,857 crore, slightly up from ₹3,699 crore previously. In contrast, mid-cap funds fell to ₹1,393 crore from ₹2,665 crore in November.

Equity mutual funds witness 9% surge in inflows, reach ₹17,000 crore in December

In December 2023, equity mutual funds experienced a notable surge in inflows, recording a substantial ₹17,000 crore, according to the latest data released by the Association of Mutual Funds in India

The breakdown of these inflows unveils intriguing trends within various segments of equity mutual funds. Small-cap funds attracted a significant chunk, amounting to nearly ₹3,857 crore, showcasing a slight uptick compared to the previous month's ₹3,699 crore. Conversely, mid-cap funds encountered a decline from ₹2,665 crore in November to approximately half that amount, totalling ₹1,393 crore in December.

Highlighting specific categories, multi-cap funds received a healthy influx of ₹1,851 crore, while large-cap funds experienced an outflow of ₹280.9 crore during the same period.

A notable aspect was the consistent growth observed in systematic investment plans (SIPs), which accumulated ₹17,610 crore in December, as per the AMFI data.

Venkat Chalasani, the Chief Executive of AMFI, noted the remarkable ₹4,259 crore inflow into sectoral funds, attributing the ongoing positive investment momentum to multiple factors. He cited subdued inflationary pressures and a thriving economy, both contributing to the buoyancy witnessed in the markets, reported Mint.

Beyond equity funds, hybrid mutual funds also witnessed substantial inflows of ₹15,009 crore. Within this category, arbitrage funds were particularly attractive, drawing in ₹10,645 crore, while equity savings and multi-asset allocation funds gathered ₹1,080 crore and ₹2,420 crore, respectively.

Index funds experienced an influx of ₹703 crore, while other Exchange-Traded Funds (ETFs) collectively accumulated ₹200 crore. Additionally, gold ETFs secured ₹88 crore during the period.

December also witnessed the introduction of 21 new fund offers, amassing a total of ₹9,872 crore. Of these, 14 were open-ended schemes, receiving ₹7,812 crore in funding, while seven closed-ended schemes collectively gathered ₹2,060 crore.

Among the newly launched funds were six sectoral/thematic mutual funds, attracting a combined investment of ₹6,321 crore, and two hybrid funds that amassed ₹1,228 crore.

Also Watch: Invest Smart 2024: Elevate your financial game with expert advice


Up Next

Equity mutual funds witness 9% surge in inflows, reach ₹17,000 crore in December

Equity mutual funds witness 9% surge in inflows, reach ₹17,000 crore in December

Reliance Industries and Walt Disney announce joint venture, RIL to invest Rs 11,500 crore

Reliance Industries and Walt Disney announce joint venture, RIL to invest Rs 11,500 crore

Sunil Bharti Mittal receives honorary Knighthood from Britain's King Charles III

Sunil Bharti Mittal receives honorary Knighthood from Britain's King Charles III

No impact on merchants' trust on Paytm even after RBI's action: Survey

No impact on merchants' trust on Paytm even after RBI's action: Survey

After SEBI, mutual funds body writes to fund houses to protect small and mid-cap investors

After SEBI, mutual funds body writes to fund houses to protect small and mid-cap investors

Startup to Scaleup: Spotlight on The Hosteller, the game-changer in backpacking hostel space

Startup to Scaleup: Spotlight on The Hosteller, the game-changer in backpacking hostel space

More videos

Markets crash: Sensex, Nifty fall over 1%; heavyweight selling in Reliance Industries and bank stocks

Markets crash: Sensex, Nifty fall over 1%; heavyweight selling in Reliance Industries and bank stocks

Kellogg's CEO sparks outrage by proposing 'Cereal for Dinner' to save costs amid rising prices

Kellogg's CEO sparks outrage by proposing 'Cereal for Dinner' to save costs amid rising prices

Nita Ambani likely to be chair of the board of merged Reliance-Disney entity: Report

Nita Ambani likely to be chair of the board of merged Reliance-Disney entity: Report

Apple scraps electric car project after decade-long effort: Reports

Apple scraps electric car project after decade-long effort: Reports

Housing prices rise about 20% in two years; Bengaluru witnesses highest price rise of 31%

Housing prices rise about 20% in two years; Bengaluru witnesses highest price rise of 31%

GDP for Q3 FY24 forecast to be 6.8%: SBI Ecowrap

GDP for Q3 FY24 forecast to be 6.8%: SBI Ecowrap

Sony to cut 900 jobs in PlayStation division amidst industry shifts

Sony to cut 900 jobs in PlayStation division amidst industry shifts

March 2024 bank holidays: Important dates to note for financial planning

March 2024 bank holidays: Important dates to note for financial planning

Gold, Silver Price Today February 28, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Gold, Silver Price Today February 28, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Gold, Silver Price Today February 27, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Gold, Silver Price Today February 27, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.