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Street signs: August equity flows surprise fund executives

High inflow tally raised many eyebrows, market players requested industry body Amfi to reconfirm the data

Ashley Coutinho | Samie Modak & Chandan Kishore Kant 

Equity mutual funds got inflows of Rs 20,000 crore in August, 2.4 times the average monthly inflows seen during the previous seven months of 2017. The unusually high inflow tally raised many eyebrows, with some market players requesting industry body, the Association of Mutual Funds in India (Amfi), to reconfirm the data. Sources in the Amfi said the data were accurate. Also, the high tally was not on account of huge one-off flows into arbitrage schemes, said industry players. Fund house clashes with Sebi on scheme merger A large fund house recently engaged in a verbal spat ...

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First Published: Sun, September 17 2017. 21:57 IST
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