SIPs lift MF assets to Rs 37.33 L cr
Deccan ChronicleMumbai: Almost all equity-linked mutual fund schemes witnessed positive inflows in November with retail investors sensing the market fall as an opportunity to allocate more money in mutual funds. This helped combined average and net industry assets under management reach Rs 38.45 lakh crore and Rs 37.33 lakh crore, respectively, monthly data released by the Association Of Mutual Funds In India showed. Equity-oriented mutual funds witnessed robust net inflow of Rs 11,615 crore in November, sharply higher than Rs 5,215 crore in October. All categories in the hybrid schemes saw combined inflows of Rs 9,422.04 crore, led by Rs 6,094.03 crore inflow in Dynamic Asset Allocation or Balanced Advantage Fund category. Other schemes also positive inflows of Rs 11,024.22 crore, including gold ETF, other ETFs, index funds ) and fund of funds investing overseas.