People's investments into equity mutual funds hit a 5-month low in October
Mutual Fund investmentshit a 5-month low in October.
- The net inflow in open-ended equity oriented funds was ₹6,026.38 crore, while the close-ended equity oriented plans witnessed a net outflow of ₹11.40 crore, taking the aggregate net inflow to ₹6,014.98 crore.
- In September, the aggregate net inflow in equity-linked products stood at ₹6,489.02 crore.
According to data from the the Association of Mutual Funds India (
In September, the aggregate net inflow in equity-linked products stood at Rs 6,489.02 crore.
Interestingly, although the
The benchmark Sensex closed at a record level on Thursday while the Nifty closed above the critical 12,000 mark over improved global cues.
The aggregate net fund inflow in August was at Rs 9,090.04 crore, which shows that in September, the inflow was down around Rs 2,600 crore compared to its previous month and in October it fell futher by over Rs 3,000 crore in compared to August.
In June and July, the net inflow into equity-linked products of both open-ended and close-ended schemes stood at Rs 7,585.24 crore and Rs 8,091.83 crore respectively.
However, analysts are of the view that the sustained overall positive inflow indicates the positive investment trend.
The asset under manageent (AUM) of mutual funds increased to Rs 26.33 lakh crore by October-end, with an increase of a rise of 7.43 per cent on a month-on-month basis due to inflows into equity and liquid schemes. The AUM of the mutual fund industry Rs 24.5 lakh crore in September.