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Equity fund inflows decline 14% to ₹35,943 crore in November
The New Indian Express Kochi
|December 11, 2024
DESPITE muted market performance leading to a steep 14% fall in fund flows into equity mutual funds and a steeper 26% slump in inflows to large-cap funds and the red-hot SIPs taking a break with inflows remaining flat in the month, the overall mutual funds industry added ₹0.82 lakh crore to their AUM at ₹68.08 lakh crore in November.
In October, assets under management had stood at ₹67.26 lakh crore.
Both the Sensex and the Nifty closed in the red in November with Sensex losing 0.27% and the Nifty shedding 0.31% on the back of incessant selling by foreign funds which have taken out more than ₹1.5 lakh crore from the market during October and November.
This story is from the December 11, 2024 edition of The New Indian Express Kochi.
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