Equity mutual fund inflows for November 2024 stood at ₹35,927.3 crore, a 14.1% drop from October, with key large-cap stocks leading the purchases.
According to the Association of Mutual Funds in India (AMFI), equity mutual fund inflows in November 2024 amounted to ₹35,927.3 crore, marking a decline of 14.1% from ₹41,865.4 crore in October. Inflows into large-cap funds witnessed a sharper drop of 26.3%, from ₹3,452.3 crore in October to ₹2,547.9 crore in November.
The Indian Mutual Fund Industry continues to exhibit robust growth over the years. The Average Assets Under Management (AAUM) for November 2024 reached ₹68.04 trillion, while the total Assets Under Management (AUM) stood at ₹68.08 trillion as of November 30, 2024. This represents a 6-fold increase over the past decade and a 2.5-fold growth over the last five years.
Top 5 Stocks Bought by Mutual Funds in November 2024
The following large-cap stocks emerged as the top purchases by mutual funds in November 2024.
- Net Quantity Bought: 11.42 crore
- Approximate Buy Value: ₹5,377.46 crore
- About the Company: Swiggy is India’s leading on-demand delivery platform, offering food, groceries, and essentials with unparalleled efficiency and customer satisfaction.
- Net Quantity Bought: 20.03 crore
- Approximate Buy Value: ₹5,223.57 crore
- About the Company: Zomato connects customers with restaurants for food delivery and dining experiences while supporting restaurant partners with advanced digital solutions.
- Net Quantity Bought: 3.87 crore
- Approximate Buy Value: ₹5,073.51 crore
- About the Company: Reliance Industries is a diversified conglomerate engaged in energy, petrochemicals, textiles, retail, and digital services, driving innovation and transformation across sectors.
- Net Quantity Bought: 4.36 crore
- Approximate Buy Value: ₹5,002.99 crore
- About the Company: Axis Bank is one of India’s largest private sector banks, providing a wide range of financial services and fostering economic growth through innovation and customer-centric solutions.
- Net Quantity Bought: 3.17 crore
- Approximate Buy Value: ₹4,105.14 crore
- About the Company: ICICI Bank offers diverse banking and financial services, including retail, corporate, and digital banking, to promote sustainable development and innovation.
Mutual Fund Industry Growth: A Decade of Progress
The Indian Mutual Fund Industry has seen exponential growth, with its AUM surging from ₹10.90 trillion in November 2014 to ₹68.08 trillion in November 2024. Key highlights include:
- 10-Year Growth: A six-fold increase in AUM.
- 5-Year Growth: A more than two-fold increase since 2019.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
