India's financial markets experienced a mixed performance in November, with equity mutual funds witnessing a downturn in investments, while stock market benchmarks recorded gains. According to the Association of Mutual Funds in India (AMFI), equity mutual funds saw investments decline to Rs 15,536.42 crore (Rs 1 crore = $119,921) during the month, marking a notable decrease from October's near-record highs. This downturn comes despite the continued demand for equity funds, which has extended for thirty-three months.
In contrast to the waning interest in equity mutual funds, both the Bombay Stock Exchange (BSE) Sensex and the National Stock Exchange (NSE) Nifty showed resilience. Each index rose by approximately five percent over the same period, underscoring a divergence between direct stock market investments and the mutual fund sector.
The debt fund segment also faced challenges, as it shifted from significant net intakes to outflows surpassing Rs four thousand crores in November. This reversal was stark compared to the substantial inflows observed in the previous month, indicating a shift in investor sentiment within the fixed-income market.
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