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AMFI monthly report: Outflows from credit risk funds rise, inflows into equity funds plummet 85%

Liquid funds, which are used by companies to park their surplus cash, saw inflows of Rs 6,938 in November versus inflows of Rs 93,203 crore in the preceding month

December 09, 2019 / 04:44 PM IST

November was quite volatile for the mutual fund industry. On one hand, outflows from credit risk funds continued, while inflows into equity funds fell as much as 85 percent.

Net inflows into equities stood at Rs 933 crore last month, a three-year low and a drop of nearly 85 percent month-on-month, according to data released by the Association of Mutual Funds in India (AMFI). Equity ETFs registered inflows of Rs 2,954 crore in November compared to Rs 5,906 crore in October. "Equity net inflows have fallen sharply in November due to profit-booking by investors," said NS Venktatesh, CEO, AMFI.

Amid intermittent bouts of volatility, Nifty and Sensex ended November with gains of 1.50 percent and 1.20 percent, respectively.

Credit risk funds continued to suffer due to huge outflows. Last month, the 44-player mutual fund industry witnessed outflows of Rs 1,899 crore from credit risk funds in November, an increase of 37.4 percent from the month ago period.