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Equity mutual fund schemes continued to see strong inflows from investors despite a sharp correction in the markets in October. On the other hand, liquid schemes saw some recovery.
This category had seen its worst monthly redemptions in over a decade amid fears of a spillover from the IL&FS default.
After seeing an outflow of Rs 2.11 trillion in September, the category saw inflows of Rs 500 billion in October. However, these inflows are still one-third of what they were in August before IL&FS was downgraded several notches to default status.
While liquid schemes try to regain favour, equity schemes continue to scale
