Advertisement
trendingNowenglish1938713https://zeenews.india.com/business/news/finance/equity-mf-inflows-at-rs-3700-crore-in-september-rs-22k-cr-in-hi-fy17_1938713.html

Equity MF inflows at Rs 3,700 crore in September; Rs 22K cr in HI FY'17

Equity mutual funds witnessed an inflow of over Rs 3,700 crore in September, taking the total investment to more than Rs 22,000 crore in the first six months of the current fiscal.

Equity MF inflows at Rs 3,700 crore in September; Rs 22K cr in HI FY'17

New Delhi: Equity mutual funds witnessed an inflow of over Rs 3,700 crore in September, taking the total investment to more than Rs 22,000 crore in the first six months of the current fiscal.

This also marks the sixth straight month of positive inflow in equity schemes. Prior to that, such funds had witnessed a pull out of Rs 1,370 crore in March.

"Mutual Funds continue to witness inflows in equity schemes because of positive climate and optimistic environment in both equity and debt markets.

"A slew of factors contributing to this buoyancy are better corporate results, smooth progress on GST Bill and positive data coming from US economy," Bajaj Capital Group CEO and Director Anil Chopra said.

"Contribution towards monthly SIP (systematic investment plans) also lead to higher positive net inflows in equity markets," he added.

That apart, Chopra said, sluggish trends in real estate sector is also attracting investors to equity schemes.

According to the data from Association of Mutual Funds in India (Amfi), equity funds, which also include equity-linked saving schemes (ELSS) saw net inflow of Rs 3,743 crore last month.

In comparison, equity funds had seen net inflow of Rs 6,505 crore in the preceding month.

With the latest inflow, total mobilisation in equity schemes has reached to Rs 22,233 crore in the first half of the current financial year (April-September).

The robust inflow has pushed the assets under management (AUM) of equity mutual fund to a record high of Rs 4.68 lakh crore at the end of September from Rs 4.67 lakh crore in August-end.

Mutual Funds are investment vehicles made up of a pool of funds collected from a large number of investors. The funds are invested in stocks, bonds and money market instruments, among others.

Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.

NEWS ON ONE CLICK