For the first time, the AUM of mutual funds surpasses Rs 50 trillion; equity inflows remain constant at Rs 16,997 million

For the first time, the AUM of mutual funds surpasses Rs 50 trillion; equity inflows remain constant at Rs 16,997 million

For the first time, the AUM of mutual funds surpasses Rs 50 trillion; equity inflows remain constant at Rs 16,997 million

Systematic investment plans (SIP) saw a rise in investments from Rs 17,073 crore in November to Rs 17,610 crore in December.

December saw a 9% increase in net inflows into equities mutual funds, totaling Rs 16,997 crore.

According to figures issued by the Association of Mutual Funds of India (AMFI), the Indian mutual fund industry's assets under management exceeded Rs 50 trillion (Rs 50 lakh crore) in December as a result of consistent inflows and a rise in the country's equities markets. Mutual fund industry trade organization.

December saw a 9% increase in net inflows into equities mutual funds, totaling Rs 16,997 crore. In December, midcap inflows decreased by 48% while net inflows to smallcap funds were Rs 3,858 crore. Net outflows from largecap funds were Rs 281 crore.

The NSE Nifty gained 7.93% in December, compared with the Sensex's 7.53% increase.

Systematic investment plans (SIP) saw a rise in investments from Rs 17,073 crore in November to Rs 17,610 crore in December.

November saw a 22% decrease in fund inflows for equity-oriented mutual funds, marking the 33rd consecutive month of net inflows.