Mutual fund investors redeem Rs 10,000 cr from SIP accounts in Nov

No changes were made to new SIP investments. A record amount of Rs 13,300 crore in investments were made in November via the methodical approach.

Digital Desk: In November, mutual fund investors redeemed more than Rs 10,000 crore from systematic investment plan (SIP) accounts to profit from the market upswing. Since the start of the industry's disclosure of the net SIP inflow data in April 2021 at least, redemptions were at their greatest point.

"At their all-time highs in November, investors believed that this was a good opportunity to sell their positions and make a profit. However, not all investors pay attention when distributors try to discourage investors from selling due to market levels "A mutual fund distributor from Mumbai, Sadashiv Phene, stated.

No changes were made to new SIP investments. A record amount of Rs 13,300 crore in investments were made in November via the methodical approach.

According to data from the Association of Mutual Funds in India, this caused net SIP inflows to drop to a pitiful Rs 3,260 crore, the lowest level since October 2021.

Net equity fund investments fell to Rs 2,260 crore in November due to increased redemptions. A spike in redemptions negatively impacted net inflows. The biggest amount since September 2021 and 60% higher than in October, investors withdrew Rs 26,030 crore from active equity plans.

In November, net inflows in the top two equity schemes—flexicap and largecap—became negative. Largecap schemes saw a net outflow of investors of Rs 1,040 crore, whilst flexicap funds saw an outflow of Rs 860 crore.

  Net SIP inflow down 57% MoM in Nov