ICI reports estimated long-term mutual fund flows

India Infoline News Service | Mumbai |

Hybrid funds, which can invest in stocks and fixed-income securities, had estimated inflows of $880 million for the eight-day period ending Wednesday, January 8

Total estimated inflows to long-term mutual funds were $2.88 billion for the eight-day period ending Wednesday, January 8, the Investment Company Institute reported today. Flow estimates are derived from data collected covering more than 95 percent of industry assets and are adjusted to represent industry totals.

Equity funds had estimated outflows of $647 million for the week, compared to estimated inflows of $6.20 billion in the previous week. Domestic equity funds had estimated outflows of $3.36 billion, while estimated inflows to world equity funds were $2.72 billion.

Hybrid funds, which can invest in stocks and fixed-income securities, had estimated inflows of $880 million for the week, compared to estimated inflows of $1.08 billion in the previous week.

Bond funds had estimated inflows of $2.65 billion, compared to estimated outflows of $2.81 billion during the previous week. Taxable bond funds saw estimated inflows of $2.99 billion, while municipal bond funds had estimated outflows of $347 million.
 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.