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Equity mutual funds witnessed an inflow of Rs 35,943 crore in November, marking a drop of 14 per cent on a month-on-month basis, amid heightened volatility driven by various macroeconomic factors, geopolitical events and US election results. Despite this, it marked the 45th consecutive month of net inflows into equity-oriented funds, reflecting the growing popularity of mutual funds among investors, according to data from the Association of Mutual Funds in India (AMFI) released on Tuesday. "There was heightened volatility due to various macroeconomic factors, geopolitical events & US election results. This resulted in investors opting for wait & watch approach while allocating larger amounts and thus decline in lumpsum flows including flattish SIP numbers for November 2024," Akhil Chaturvedi, CBO, Motilal Oswal AMC, said. Overall, the mutual fund industry witnessed an inflow of Rs 60,295 crore in the month under review as compared to Rs 2.4 lakh crore in October. Despite the .
After nearly three years of trading on the BSE at a significant discount to the benchmark Sensex, the asking rate for large-cap stocks is increasing once again. The S&P BSE Sensex currently trades at 17.3 times the estimated calendar year 2017 earnings, while the BSE Mid-cap index is at 18.7 times, by Bloomberg calculations. The premium commanded by mid-caps vis-a-vis the Sensex has thereby reduced to 7.5 per cent. Mid-caps had started trading at a premium to large-caps from 2014 onwards. The BSE Mid-cap index premium over the Sensex, 10.3 per cent in 2014, rose to 28.7 per cent in 2015 and was 21.3 per cent in 2016.Experts say the changing trend is a positive one and in favour of large-cap stocks. "It is a combination of money chasing large-caps, led by Reliance Industries, and investors realising there aren't too many affordable pockets in the mid-cap space," explains Pramod Gubbi, head of equities at Ambit Capital. He adds that in a typical bull market, there tends to be an ...