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Mutual fund investors withdrew ₹10,000 crore from SIP accounts in November, know how much was invested

Mutual fund investors withdrew ₹10,000 crore from SIP accounts in November, know how much was invested

Mutual Funds Investors: If you also earn profits by investing in Mutual Funds, then you must read this news. Big news related to mutual funds is coming out. According to media reports, mutual fund investors have withdrawn more than Rs 10,000 crore from Systematic Investment Plan (SIP) accounts in the month of November 2022.

November is the best month to book profits

People invest in Mutual Funds to earn fast profits in the Share Market. According to a report, Mumbai-based MF distributor Sadashiv Feeney says that investors felt that the month of November proved to be the best time of the year. The highest level of profits could be made so far. He said that distributors usually do their best to prevent investors from cashing in because the market levels are high, but not all investors do. This has not had any significant impact on new SIP investments.

so much investment

Due to the increase in withdrawal, there is a significant decrease in net investment. According to the data of the Association of Mutual Funds in India (AMFI), investors have invested a record Rs 13,300 crore in the month of November. Net SIP investment in this has been at Rs 3,260 crore. It is known that this is the lowest investment since October 2021. Last month, net investment in equity funds came down to Rs 2,260 crore due to higher withdrawals.

profit from equity

On the other hand, investors have withdrawn Rs 26,030 crore from equity schemes, which is 60 per cent more than the previous month and the highest since September 2021. Net inflows into the top two equity schemes, Flexicap and Largecap, have been weak in November. Several investors have withdrawn Rs 1,040 crore from largecap schemes. At the same time, Rs 860 crore has been withdrawn from flexicap funds.

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