Mutual fund inflows slip to Rs 13,411 crore
Continued correction in equities, year-end tightening of liquidity, large number of equity IPOs in secondary market led to a slowdown in retail appetite for equity mutual fund schemes in March. Equity-oriented, balanced, and ELSS schemes saw net inflows of ₹13,411 crore in March as compared to ₹21,294 crore in February, revealed data from industry body AMFI.
“Though overall equity flow is down compared to February, the industry continues to receive net flow into equity schemes. However, we have seen outflows from arbitrage funds from institutional investors,” said A Balasubramaniam, CEO, Aditya Birla Sunlife Mutual Fund.
Being the last month of the financial year, liquid funds saw outflows of ₹55,000 crore, while Fixed Maturity Plans saw inflows from HNIs and corporate due to benefit of indexation of one year. Continued volatility in bond markets saw investors shifting from income fund to short term funds with these funds seeing outflows of ₹13,719 crore.
“Though overall equity flow is down compared to February, the industry continues to receive net flow into equity schemes. However, we have seen outflows from arbitrage funds from institutional investors,” said A Balasubramaniam, CEO, Aditya Birla Sunlife Mutual Fund.
Being the last month of the financial year, liquid funds saw outflows of ₹55,000 crore, while Fixed Maturity Plans saw inflows from HNIs and corporate due to benefit of indexation of one year. Continued volatility in bond markets saw investors shifting from income fund to short term funds with these funds seeing outflows of ₹13,719 crore.