Equity MFs see `6,300 cr inflow in November; touch Rs 87K crore

Mutual funds pumped in over Rs 6,300 crore in equity schemes in November, taking the total inflow to nearly Rs 87,000 crore this year. In comparison, equity MFs had witnessed an infusion of Rs 49,000 crore in the entire 2014. They had seen an outflow of Rs 8,700 crore in the preceding year. According to the latest update available with Association of Mutual Funds in India (AMFI), fund managers poured in a net sum of Rs 6,379 crore in equity schemes in November. This has taken the total inflow from various equity schemes to Rs 86,959 crore in 2015 (during January-November). It is a strong sign that equitisation of savings is getting entrenched despite volatile equity market in past few months, say marketmen. Overall, the fund managers have been bullish on equity schemes ever since the Modi government came to power at the Centre last year. Besides, many investors are moving away from poor performing asset classes such as gold and focussing on equity.