Equity schemes experienced greater inflows during August 2021Healthy inflows in new fund deals (NFOs) assisted in shared funds getting an investment of Rs 8,666 crore in August 2021, according to information released by Association of Mutual Funds in India (AMFI).
Easing of Coronavirus associated lockdowns and opening of financial activities likewise led to inflows in equity schemes.This was the sixth consecutive week of monthly infusion when equity schemes had seen net inflow of Rs 5,988 crore in June, Rs 10,083 crore in May, Rs 3,437 crore in April and Rs 9,115 crore in March.Before this boom duration, equity plan had consistently seen outflows for eight months between July 2020 to February 2021.
This was also the duration when India was slowly coming out of the nation-wide lockdown and job losses were rampant, forcing people to dig into their savings.The inflow pushed properties under management (AUM) of the mutual fund industry to an all-time high of Rs 36.6 lakh crore at August-end from Rs 35.32 lakh crore at July-end, the data even more revealed.
Total positive circulations in the open-ended shared fund (MF) schemes and market indices touching all-time high, assisted the Indian MF industry's net AUMs breach record Rs 36 lakh crore turning point in August 2021, N S Venkatesh, president of AMFI, stated.