Equity-oriented schemes attract Rs 8,200 crore in June

India Infoline News Service | Mumbai | July 09, 2017 10:00 IST

Inflows from equity mutual fund continued in June, despite worries that stock prices may dip due to hurdles in implementing of GST.

Inflows from equity mutual fund continued in June, despite worries that stock prices may dip due to hurdles in implementing of GST.

Equity-oriented schemes attracted investment worth Rs 8,200 crore in June. Strong inflow through the systematic investment plan (SIP) route appears to have contributed, a daily reported.

Balanced funds witnessed a inflow of Rs 7,458 crore in June. This was more than what diversified equity funds received, indicating a large section of investors are taking a balanced investment call and not putting all their money in pure equity schemes.   

The total AUM of balanced funds have reached nearly Rs 1.1 lakh crore, from Rs 20,000 crore a few years earlier. Equity and balanced funds saw positive net inflow, major categories from the debt segment witnessed withdrawal.

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