Equity mutual fund flows turn positive after a gap of nine months

Between June and February, equity fund managers have yanked out Rs 1.24 trillion from domestic stocks amid consistent outflows

Topics
Mutual Funds | Equity mutual fund | Markets

Chirag Madia  |  Mumbai 

Equity mutual funds (MFs) reported net inflows in March after a gap of nine months. Though official data will be released in a week, there are signs that the Rs 31-trillion asset management industry has turned a corner in terms of investor flows into equity-oriented schemes.

Since July, equity-oriented schemes have seen net redemptions of about Rs 47,000 crore. Several equity sub-categories have seen an increase in assets under management (AUM) on a month-on-month basis, according to data from Association of Mutual Funds in India (Amfi). And this growth has come despite the markets ...

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First Published: Sat, April 03 2021. 01:02 IST
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