India Mutual Fund Tracker- AUM Scales New Highs & Breaches The Rs 40 Trillion Plus Level In Nov: Motilal Oswal

Motilal Oswal Report

• The Nifty touched a fresh high of 18,816, ending 4.1% higher month-on-month at 18,758 in Nov-22. The Nifty is up ~7% year-to-date aided by strong foreign institutional investor inflows, a global recovery, and moderation in some commodity prices. FIIs recorded inflows for the second consecutive month at $4.7 billion. Conversely, domestic institutional investors turned sellers at $0.8 billion in Nov-22.

• Investors continued to park their money in mutual funds, with inflows/contributions in systematic investment plans reaching new highs of Rs 133.1 billion in Nov-22 (up 2% month-on-month and 20.9% YoY).

• Total assets under management of the mutual fund industry scaled new highs to reach Rs 40.4 trillion in Nov-22 (up 2.2% month-on-month), primarily fueled by a month-on-month increase in AUM of equities (Rs 469 billion), liquid (Rs 421 billion), and other exchange traded fund (Rs 189 billion) funds. On the other hand, AUM for income funds declined Rs 261 billion during the month.

• Equity AUM for domestic MFs (including ELSS and index funds) increased 2.9% month-on-month to Rs 16.9 trillion in Nov-22. This was because of a rise in market indices (Nifty up 4.1% month-on-month) and an increase in equity scheme sales (up 19.3% month-on-month to Rs 392 billion).

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