Equity MFs record net inflow of Rs. 4.58bn in August: AMFI

India Infoline News Service | Mumbai |

Diversified equity schemes witnessed redemption of units worth Rs. 21.93 billion against inflows of Rs. 26.6 billion

India's equity mutual fund schemes registered a net inflow of Rs. 4.58 billion in August, according to the data released by the Association of Mutual Funds in India (AMFI) last week.

Despite weak and volatile markets retail investors largely stayed invested and pumped in fresh money.

However, investors interest in gold mutual funds seemed to be declining as gold ETFs (exchange traded funds) recorded redemption worth Rs. 5.94 billion in August.

At the same time, just about Rs. 60 million flowed into these funds which is the lowest amount since March 2009.

On the other hand, there was a surge in fixed maturity plans (FMPs). Almost Rs. 200 billion were invested in these instruments in August, up from about Rs. 90 billion in July and about Rs. 30 billion in June, the AMFI data further indicated.

Diversified equity schemes witnessed redemption of units worth Rs. 21.93 billion against inflows of Rs. 26.6 billion.

As on 31 August, overall assets under management (AUM) in equity segment stood at about Rs. 1.56 trillion - 21% of sector's overall assets.
 

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