Afternoon D & C Dedicated To Mumbai
Home > Business & Investment > Equity MF inflows hit 18-month high of Rs 10,103 cr in Dec

Equity MF inflows hit 18-month high of Rs 10,103 cr in Dec

Monday, January 09, 2017

Equity mutual funds saw an inflow of more than Rs 10,000 crore in December, making it the highest in 18 months, underpinned by investor optimism. This also marks the ninth straight month of positive inflow in equity schemes. Prior to that, such funds had witnessed a pullout of Rs 1,370 crore in March.

Market experts attributed the inflow to positive climate and optimistic environment in both equity and debt segments. Also, monthly net contributions through SIP (systematic investment plans) led to higher positive net inflows in equity markets, they added.

"The running SIP volume of about Rs 3,900 crore a month is a major support for fresh flows in the markets," Bajaj Capital National Head Mutual Funds Anjaneya Gautam said. SIP is an investment vehicle that allows investors to invest in small amounts periodically instead of lumpsums. The frequency of investment is usually weekly, monthly or quarterly.

According to data from Association of Mutual Funds in India (Amfi), equity funds, which also include equity-linked saving schemes (ELSS), registered a net inflow of Rs 10,103 crore last month. This is the highest net inflow since June 2015, when equity MFs racked up an inflow of Rs 12,273 crore. In November, the net inflow stood at Rs 9,079 crore.

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
 
Email:    
Comments:
 
 
City news
Fraudsters nabbed after five years, 30-40 crore s
The Election Commission of India (ECI) has set ...
The Brihanmumbai Municipal Corporation had found
I want to take up the career in 'Psychology'. My
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)You will be inclined towards deep introspection. You will realise that it is important to understand your inner self. However, Ganesha says spontaneity is equally vital, and playing with children is a very good way to be spontaneous. Today, you should refrain from taking major decisions of any kind without consulting the right people.
- Advertising -
On the occasion of the #pride month, Nakshatra Dh
Four Points by Sheraton, Vashi, has a football th
KODE is celebrating its first anniversary with a
Read More