Inflow in equity funds was at  ₹6,606 crore in December
Inflow in equity funds was at 6,606 crore in December

Inflow to equity funds slump 60% to 6,158 crore in January

  • The drop in inflow has pulled down the asset base of equity mutual funds (MFs) to 7.73 lakh crore
  • As per Amfi data, equity and equity-linked saving schemes saw an infusion of 6,158 crore in January 2019

NEW DELHI : Amid market volatility and political uncertainty, inflow to equity mutual funds plunged by 60% to 6,158 crore in January this year against 15,390 crore seen in such schemes in the same month last year.

This also marked the third consecutive monthly decline in inflows in such schemes, according to the data available with Association of Mutual Funds in India (Amfi).

The drop in inflow has pulled down the asset base of equity mutual funds (MFs) to 7.73 lakh crore at the end of January this year from 7.87 lakh crore in the year-earlier.

As per Amfi data, equity and equity-linked saving schemes saw an infusion of 6,158 crore in January 2019, compared with a staggering inflow of 15,390 crore seen in such schemes in January last year.

Inflow in equity funds was at 6,606 crore in December, 8,414 crore in November and 12,622 crore in October 2018.

Market players attributed the decline in inflow to volatile market and political uncertainty, wherein the broader indices remained under pressure.

Overall, the mutual fund industry witnessed a net inflow of 65,439 crore in January as against an inflow of 1.06 lakh crore in the same month last year.

The assets under management (AUM) for the industry stood at 23.4 lakh crore in January this year compared to 22.41 lakh crore at the end of January 2018.

This story has been published from a wire agency feed without modifications to the text.

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