INSUBCONTINENT EXCLUSIVE:
Retail monthly flows into equity-oriented mutual funds surged to the highest this financial year driven by strong flows through systematic
While liquid funds saw some flows trickling back after the huge outflow in the previous month, income funds continued to witness outflows on
higher interest rates and fears of the ILFS crisis spilling over to the sector.
Net inflows increased by Rs 35,500 crore to take the total
inflow of Rs 11,350 crore
Investors pumped in Rs 7,985 crore through SIPs in equity funds, an all-time monthly high
Distributors said equity mutual funds saw strong inflows from both metro as well as nonmetro centres
Given a mere 1.8 crore mutual fund investors in India, penetration is likely to increase sharply as many new investors enter equities, an
asset class that is known to beat inflation in the long-term, they added.
The income fund category saw outflows of Rs 37,642 crore, while
liquid funds saw inflows of Rs 55, 300 crore
In the previous month, income funds had seen outflows of Rs 32,500 crore, while liquid funds saw Rs 1.5 lakh crore in outflows.
While money
is selectively trickling back to liquid funds and overnight funds of reputed fund houses, investors continue to stay away from duration
AMFI.
Corporate investors continued to be wary of debt mutual funds in the wake of the ongoing ILFS crisis and the contagion effect it could
September, only a third or Rs 55,300 crore has come back
Due to this, many corporate investors preferred to play it safe and opted for bank deposits rather than mutual funds.
