Inflow in equity mutual funds drops 14% to ₹35,943 crore in November

Moreover, monthly contributions from the SIP remained flat at Rs 25,320 crore last month against Rs 25,323 crore in October

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NEW DELHI: Equity mutual funds witnessed an inflow of Rs 35,943 crore in November, marking a drop of 14 per cent on a month-on-month basis, amid heightened volatility in stock markets driven by various macroeconomic factors, geopolitical events and US election results.

Despite this, it marked the 45th consecutive month of net inflows into equity-oriented funds, reflecting the growing popularity of mutual funds among investors, according to data from the Association of Mutual Funds in India (AMFI) released on Tuesday.

Moreover, monthly contributions from the Systematic Investment Plan (SIP) remained flat at Rs 25,320 crore last month against Rs 25,323 crore in October.

"There was heightened volatility due to various macroeconomic factors, geopolitical events and the US election results. This resulted in investors opting for a wait & watch approach while allocating larger amounts and thus decline in lumpsum flows including flattish SIP numbers for November 2024," Akhil Chaturvedi, CBO, Motilal Oswal AMC, said.