Home > Business > Equity MF inflows at Rs 9,079 crore in November

Equity MF inflows at Rs 9,079 crore in November

 PTI |  2016-12-09 23:37:47.0  |  New Delhi

Equity mutual funds witnessed an inflow of Rs 9,079 crore in November mainly on account of optimistic investor sentiment. This also marks the eighth straight month of positive inflow in equity schemes. Prior to that, such funds had witnessed a pull out of Rs 1,370 crore in March. 

Market experts attributed the inflow to positive climate and optimistic environment in both equity and debt markets. Besides, slew of factors contributing to this buoyancy are better corporate results and smooth progress on GST Bill. 

Also, monthly net contributions through SIP (systematic investment plans) led to higher positive net inflows in equity markets, they added. SIP is an investment vehicle that allows investors to invest in small amounts periodically instead of lump sums. 

The frequency of investment is usually weekly, monthly or quarterly. According to the data from Association of Mutual Funds in India (Amfi), equity funds, which also include equity- linked saving schemes (ELSS), saw net inflow of Rs 9,079 crore last month.

Share it
Top