Equity funds continued to report a net inflow for the seventh consecutive month in November on the back of rising stock markets. The positive sentiment also led to an increase in new fund offers (NFOs). In November, there were four equity NFOs, mopping up R1,014 crore.
While liquid funds reported a net outflow of R52,450 crore during the month, income funds reported a net inflow for the second consecutive month. Interestingly, gilt funds reported the highest net inflow in 15 months in November due to falling yields and expectations of a rate cut by the Reserve Bank of India (RBI) early next year.