Mutual funds log Rs 62,000 cr inflows in August

Investors have pumped in around Rs 62,000 crore into various mutual fund (MF) schemes in August, driven by equity and money market funds. With this, total net inflow in MF schemes has risen to Rs 2.2 lakh crore in the first five months (April-August) of the ongoing fiscal, as per the latest data available with Association of Mutual Funds in India (AMFI).

According to data from AMFI, investors have poured in a net of Rs 61,701 crore in MF schemes last month as compared to Rs 63,504 crore in July.

Equity MF inflows at record Rs 20,000 cr in August

Equity mutual funds registered a record inflow of Rs 20,362 crore in August on strong participation from retail investors and steps taken by markets regulator SEBI to create awareness about such investment products.

This also marks the seventeenth straight month of inflows into equity schemes. Prior to that, such funds had witnessed a pullout of Rs 1,370 crore in March 2016.

The strong inflows have pushed the asset base of equity mutual funds (MFs) by more than 2% to Rs 6.44 lakh crore at the end of August from Rs 6.3 lakh crore in the preceding month.

According to AMFI data, equity funds, which also include equity-linked saving schemes (ELSS), saw net inflows of Rs 20,362 crore in August, higher than Rs 12,727 crore in the preceding month.

Mutual Fund folios surpasses 6 crore mark at Aug-end

Showing a growing interest for mutual funds among investors, the number of folios has grown by 2.4% to cross 6 crore at the end of August, according to a report by ICRA.

The total folio count at the end of August stood at 6.08 crore, 2.4% higher compared to July.

The growth was primarily on the back of 10.9 lakh new folios added to the equity category (including equity linked saving schemes) and another 2.36 lakh new folios to the balanced category, the report noted.

Source: PTI, AMFI, ICRA, Business Standard

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