Equity mutual funds witnessed an inflow of Rs 35,943 crore in November, marking a drop of 14% on a month-on-month basis, as per the data from the Association of Mutual Funds in India (AMFI) released on Tuesday.
Net inflow into equity mutual funds had surged by 83.42% to a record high of Rs 34,697 crore a month ago.
India's mutual fund assets rose to Rs 58.6 trillion in May, inching closer to record Rs 10 trillion in less than a year, data from the Association of Mutual Funds in India (AMFI) said.
Amid the correction happening in the smallcap and midcap stocks, global brokerage firm Jefferies sees the development as healthy as it is not a larger meltdown.
A recent data has highlighted that the number of investors signing up for systematic investment plans (SIPs) of mutual funds far outnumber those discontinuing their SIPs.
The AMFI, the industry trade body for mutual funds, said the Smallcap and midcap funds saw robust inflows in February even after Sebi raised concerns over froth in the segments.
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