Equity MF inflows jump 3-fold to Rs 28,000-cr in April-June

Equity MF inflows jump 3-fold to Rs 28,000-cr in April-June

FPJ BureauUpdated: Thursday, May 30, 2019, 05:19 AM IST
article-image

New Delhi : Equity mutual funds have seen an inflow of over Rs 28,000 crore in April-June 2017, a surge of nearly three-times from the year-ago level, underpinned by investors’ optimism. “Inflows in equity mutual fund schemes have been robust of late as investors chase higher returns in the wake of lower yields from fixed income instruments and poor performance by realty and commodities (gold),” Bajaj Capital CEO Rahul Parikh said.

“Besides, the higher inflows can be attributed to the shift of flows from income funds and money market funds to equity, equity linked saving schemes (ELSS) and equity-oriented balanced funds, due to low yields on such segments at present. A year back, they were higher, a gap of almost 75-125 basis points,” he added.

Parikh further said the spurt in inflows in equity schemes can also be linked to rise in new issuances or New Fund Offers (NFOs) during the quarter under review as compared to the year-ago level and optimistic investors’ sentiments. Money raised from NFOs focused on equity schemes was at Rs 4,908 crore in April-June 2017, much higher than Rs 173 crore garnered in the same period last year. According to data from the Association of Mutual Funds in India (Amfi), equity funds, which also include ELSS, saw net inflows of Rs 28,332 crore in the three months ended June 30, 2017, higher than Rs 9,479 crore in the year-ago period.

RECENT STORIES

India Now Makes Faster Payments Than Any Other Country, Courtesy UPI: IMF

India Now Makes Faster Payments Than Any Other Country, Courtesy UPI: IMF

HUL Names Priya Nair As CEO & MD With Effect From August 1

HUL Names Priya Nair As CEO & MD With Effect From August 1

Canara Bank Withdraws Order Classifying Anil Ambani’s ₹1,050 Crore Loan Account As Fraudulent;...

Canara Bank Withdraws Order Classifying Anil Ambani’s ₹1,050 Crore Loan Account As Fraudulent;...

Singapore Airlines Partners With Mandai Wildlife Group To Offer Curated Wildlife Experiences And...

Singapore Airlines Partners With Mandai Wildlife Group To Offer Curated Wildlife Experiences And...

India Must Build Supply Chain Resilience In Energy Sector To Achieve Self-Reliance: Union Minister...

India Must Build Supply Chain Resilience In Energy Sector To Achieve Self-Reliance: Union Minister...