Equity MFs continue to see positive inflows

Much to the respite of fund managers, the equity mutual fund schemes have seen net inflows for the second successive month. According to the statistics available from the industry body, Association of Mutual Funds in India (Amfi), the pure equity funds witnessed a net inflow of Rs 1,401 crore during the month. This has taken the overall net inflows in FY12 to Rs 3,104 crore, against a net outflow of a massive Rs 14,624 crore during the same period last year.

The equity-linked saving schemes also managed to see positive inflows, at Rs 39 crore. Money and market schemes took the biggest hit, as the category saw Rs 41,078 crore being redeemed by investors. Further, income funds also saw redemption of Rs 15,263 crore. Gold ETFs continued to glitter, as it attracted fresh investments of Rs 988 crore, while balanced funds garnered Rs 99 crore of investments. The overall collective net outflow from all categories was to the tune of Rs 54,173 crore in September.