Mutual Fund News: There has been a lot of selling pressure in the domestic stock market for a few months, but despite this there was a slight decline in investment in equity mutual funds in January last month. This has been revealed by data released by Mutual Fund Body AMFI (Association of Mutual Funds of India). According to AMFI data, investment in equity mutual funds fell just 3.6 per cent to Rs 39,687.78 crore in January. During this period, investment in Systematic Investment Plan (SIP) fell slightly from Rs 26,459 crore to Rs 26400 crore. In January, BSE Sensex fell 1.28 per cent and Nifty 50 declined by 0.99 per cent. The Net Assets Under Management (AUM) of the Indian Mutual Fund Industry rose to Rs 67.25 crore in January to Rs 67.25 crore in December.
Net Inflow in Open-equity mutual funds for 47th consecutive month
Talk about Open-Anded Equity Mutual Funds. In January, the investment in it jumped 14.5 per cent on a monthly basis to Rs 41,155.91 crore. Net inflow in open-ended equity funds remains in the positive zone for the 47th consecutive month, that is, the 47th consecutive month withdrawals have been invested. Themetic/sector and small cap funds were more investment. Monthly investment through SIP also remained above Rs 26 thousand crore.
Category is such a trend
Talking in the equity fund category, investment in smallcap funds jumped 22.6 per cent to Rs 5,720.87 crore, midcap funds reached Rs 5,147.87 crore with a slight rise to Rs 5,147.87 crore, while lordCap funds reached Rs 3,063.33 crore with a jump of 52.3 per cent.
On the other hand, investment in sector/themetic funds fell 41.2 per cent to Rs 9,016.60 crore as the number of new fund offers (NFOs) declined in January. Mutual funds came to Rs 2,838 crore in January through three sector/themetic funds.
Talking in the fixed-incomplete category, the date mutual funds received a net inflow of Rs 1,28,652.58 crore, while in December, a net outflow of Rs 1,27,152.63 crore was received. Talking about the liquid fund category, it received a high inflow of Rs 91,592.92 crore and the money market funds had Rs 91,592.92 crore. A net withdrawal of Rs 2,066.19 crore from Short Duration Fund and Rs 1,359.66 crore from Gilt Fund Segments. The overall open-ended mutual funds received a net inflow of Rs 1,87,606.23 crore while in December there was a net withdrawal of Rs 80,509.20 crore.
Regarding the trend of investors, Manish Mehta, the National Head (Sales, Marketing and Digital Business) of Kotak Mahindra Mutual Fund, says that there was more interest in investing in schemes related to lordCap. He said that investors are rapidly adopting SIP and STP route as increasing awareness about mutual funds and better ways to make capital in long -term.
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