Skip to content
Research MF Industry FactBook Mutual Fund Industry FactBook – December’23

Mutual Fund Industry FactBook – December’23

Written by - Fisdom Research

December 11, 2023 2 minutes

MF Industry At a Glance


Industry AUM (in Crores)₹ 49,04,992₹ 40,37,56121.48%
Equity Oriented AUM (in Crores)₹ 20,33,407₹ 15,22,33833.57%
Fixed Income Oriented AUM (in Crores)₹ 13,57,809₹ 12,56,9148.03%
MF Industry AUM Growth in last 5 years (% Growth)15.33%12.11%
Nifty 50 Levels₹ 19,080₹ 17,7877.27%
10 year G-sec Levels7.2797.28-0.01%
SIP Flows (In Crores)₹ 17,073₹ 13,30628.31%
No. of Folios16,18,14,58313,97,55,15015.78%

Source: AMFI, Fisdom Research.

Industry Net Flows

Debt category witnesses outflows, Equity inflows continue

Values in Rs Crore


  • Debt funds experienced a net outflow of Rs. 4,707 crore, marking the eighth instance of negative flows in the past 12 months.
  • Equity funds mark 33rd consecutive month of new inflows.
  • Within hybrid category Arbitrage funds and multi-asset funds have been driving robust net inflows, contributing to the sustained positive trend in hybrid funds.

Equity Category: Net Flows

Inflows remain robust as markets perform; All categories witness inflows

Values in Rs Crore


  • In November 2023, equity funds across all categories experienced positive inflows, marking the 33rd consecutive month of such inflows. Although there has been a consistent trend low to negative inflows in large cap funds, focused funds, and ELSS over the last few months.
  • The norm of small-cap funds dominating inflows continued in November. The majority of the inflows in thematic funds came from NFOs. The focus of significant categories receiving inflows, such as small-cap funds, flexi-cap funds, and mid-cap funds, indicates that investors are still hunting for alpha.
  • The equity market saw its best performance of CY23 in November, with Nifty 50 gaining 5.5%, as S&P BSE 250 Small-cap and S&P BSE 150 Midcap indices witnessed gains of 9.4% and 9.6%, respectively. Equity as an asset class are still preferred by investors amid positivity around elections, FII inflows and strong economic fundamentals.

Hybrid Category: Net Flows

Arbitrage and Multi asset allocation leading the way

Values in Rs Crore
Higher redemptions indicate Red


  • In November 2023, the hybrid category witnessed significant net inflows of Rs. 13,538 crore, indicating an emerging trend in the industry. However, broader picture suggests that two fund categories dominated the total flows, accounting for 85% of the net flows in this category.
  • The hybrid category’s inflow story was mainly driven by arbitrage funds, which witnessed net inflows of Rs. 9,404 crores, and multi-asset allocation funds, which saw net inflows of Rs. 2,589 crore. Additionally, equity savings funds, balanced advantage funds (BAFs), and aggressive hybrids also saw net inflows. The increasing popularity of arbitrage funds is reducing the share of the liquid fund space.

Download the full report to get the complete coverage

Download Full Report

Share the article

Get exclusive content and expert advice

Subscribe to fisdom to get regular updates in the finance world delivered to your inbox each month

Other Post

The Signal

Investors Eye Union Budget 2024

Periodic Report

Anand Rathi Wealth Up Nearly 3%, Cyient Jumps Over 7%, TCS Rises 7%, and Inox Wind Soars Over 10% on Positive News.

Periodic Report

GTPL Hathway’s Profit Decline, Anand Rathi’s Growth, and Major Orders for RCF and Oriental Rail

Periodic Report

TCS Q1 FY25 Results, Oriental Rail Infrastructure Hits 52-Week High, Ambuja Cements Upgraded, YES Bank Outlook Improved

Periodic Report

IRB Infra Toll Revenue Soars 35%, Power Grid Approves Rs 16,000 Cr Borrowing, GE Power Undertaking Sales, Sula Vineyards Hits Record Q1 Revenue

Periodic Report

Rail Vikas Nigam Surges on New Orders, Delhivery Gains After Block Deal, Delta Corp Drops on Disappointing Q1FY25 Results.

Periodic Report

RVNL metro station contract, Delta Corp Q1 profit decline, Infosys cloud partnership, Adani Ports: 30-year Berth 13 concession

Periodic Report

Maruti Suzuki Surges, Affle India Hits New High, Jupiter Wagons Declines.

Periodic Report

MGL Price Hikes, Paytm Shares Surge, Bank of Baroda Deposit Decline, Godrej Consumer Growth

Technical Outlook

Sectoral Trends & Patterns – July 2024

Periodic Report

Titan Falls on Downgrade, Adani Wilmar, Dabur, and Marico Surge on Positive Updates.

Periodic Report

Nykaa anticipates strong revenue growth, Adani Wilmar shows volume expansion, Titan reports growth, and Bank of Baroda achieves global business growth in Q1

Download one of India's best wealth management apps

Join more than one million investors and take control of your wealth

Download app