Motilal Oswal: Indian Mutual Fund Tracker - Equities See Highest Ever Outflows, AUM Scales New Highs To Rs 30 Trillion
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Motilal Oswal Report
The Nifty surpassed the 13,000 mark in November 2020 to reach record highs after a 3.5% rise in October 2020.
It ended 11.4% higher month-on-month in Nov-20 to close at 12,969. The rally was propelled by strong foreign institutional investors inflows, a good corporate earnings season, and trends from the festive season, which indicate continued demand recovery.
Investors capitalised on the market rally to book profits, which paved the way for another round of outflows in the equities category.
Equity asset under management (including equity linked saving schemes and index funds) of domestic MFs increased 10.4% month-on-month to Rs 9 trillion in Nov-20, led by a rise in market indices (Nifty up 11.4% month-on-month).
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