This story is from November 13, 2015

Equity mutual funds net inflows top record $9 billion in 7 months

Equity mutual funds (MFs) have seen net inflows of $9.2 billion so far in 2015-16 (till October), making it the highest level of net buying on record over a seven month period.
Equity mutual funds net inflows top record $9 billion in 7 months
Volatile markets haven’t dampened the spirits of investors who continue to pour money into equity funds. Equity mutual funds (MFs) have seen net inflows of $9.2 billion so far in 2015-16 (till October), making it the highest level of net buying on record over a seven month period.
Net inflows into equity funds (including ELSS or equity-linked savings schemes) stood at Rs 59,935 crore during April-October, a 55% increase compared to the same period the previous year, data with the Association of Mutual Funds in India (AMFI) showed.
Incidentally, 2014-15 was a record year as well with net inflows into equity MFs (including ELSS) coming at Rs 71,029 crore or about $10.9 billion. Net inflows (higher purchase in schemes than sales by investors) so far in 2015-16 accounts for 84% of the total achieved in 2014-15. The trend of positive inflows into equity MFs extended further in October with Rs 6,269 crore (about $964 million) being pumped into the equity schemes by investors during the month, AMFI data showed.

“This (October) was the 18th straight month of positive flows, and a strong sign that equitisation of savings is getting entrenched despite the volatility in equity markets over the past few months,” experts said.
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About the Author
M Allirajan

M Allirajan writes for the business section of The Times of India. He has been tracking mutual funds and markets for nearly four years. Having worked in a business newspaper and a business magazine tracking the emerging trends in business and developments in corporate India, he believes in giving straight, simple and reader friendly content. When not following markets and developments in the mutual funds space, he reads books and listens to music.

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