The mutual fund industry’s total assets under management (AUM) edged lower in December. Overall AUM declined by 1% to ₹79.98 lakh crore, compared with ₹80.55 lakh crore recorded in November.
Category-wise equity mutual fund inflows
Net inflows into large-cap funds decreased by 4.4% to ₹1,567.42 crore in December from ₹1,639.80 crore in November. Meanwhile, mid-cap and small-cap mutual funds continued to see steady interest, with inflows of ₹4,175.81 crore and ₹3,823.82 crore respectively.
Flexi-cap funds remained the top contributor among equity mutual fund categories in December. Net inflows into flexi-cap schemes rose 23.1% to ₹10,019.27 crore, compared with ₹8,135.01 crore in November.
Among equity-oriented mutual funds, ELSS and dividend yield funds were the only categories to record net outflows in December, at ₹717.73 crore and ₹254.32 crore respectively.
Gold ETFs see sharp rise in December inflows
Gold ETFs saw a strong jump in investments in December. Net inflows rose more than three times to ₹11,646.74 crore, compared with ₹3,741.79 crore in November. The sharp rebound comes after net inflows into gold ETFs had declined 51.6% in November, following a steep 281.9% rise recorded in September.
Other exchange-traded funds also saw higher investments during the month. Inflows into these ETFs rose to ₹13,199.44 crore in December, up from ₹9,720.74 crore in November.
Debt funds
Debt-oriented mutual funds saw large redemptions during the month, led by liquid funds. Net outflows from liquid funds increased sharply to ₹47,307.95 crore in December, up from ₹14,050.72 crore in November.
Within the debt fund category, only overnight funds and floater funds reported net inflows in December, at ₹254.25 crore and ₹722.44 crore respectively.
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