- Investors continue to invest in equity mutual funds through SIPs while lumpsum flows remain a mixed bag
- Despite the decline in inflows, the asset base of equity mutual funds increased to ₹7.57 lakh crore
Equity mutual funds witnessed a net inflow of around ₹6,489 crores in September, the lowest in the last four months,
due to profit-booking by investors after a rally in markets following a
reduction in corporate tax.
According to data by the Association of Mutual Funds in
India (Amfi), open-ended equity schemes witnessed an infusion of ₹6,609 crores, while there was an outflow of ₹120 crores from close-ended equity plans, translating into a
net equity inflow of ₹6,489 crore
in September.
In comparison, net inflows in equity and equity-linked
saving schemes stood at ₹9,090 crore
in August.
Among debt-oriented schemes, liquid funds -- with
investments in cash assets such as treasury bills, certificates of deposit and
commercial paper for shorter horizon --- saw an outflow of ₹1.41 lakh crore.
Besides, gold exchange-traded funds witnessed an infusion
of ₹44 crores against an inflow of ₹145 crores in August.
The outflow has pulled down the asset base of the MF
industry, comprising 44 players, by 4 percent to ₹24.51
lakh crore in September-end from ₹25.47 lakh
crore at end-August.
This story has been published from a wire agency feed
without modifications to the text. Only the headline has been changed.
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