Covid-19 lockdown: MF equity flows could see a 10-15% dip in March

Participants say flows have shown resilience despite shutting of offline channels

The Rs 27-trillion mutual fund (MF) industry could see some slowdown in equity flows in March. Industry estimates (up to March 27 for 80 per cent industry assets) suggest equity flows for the industry dipping 10-15 per cent to Rs 9,100 crore to Rs 9,700 crore.

Industry players say flows have shown resilience in a highly volatile month, which also saw the closure of MF branch offices because of the coronavirus-induced lockdown.

Compared to the last 12-month average of Rs 6,984 crore, estimated equity flows are still 30-38 per cent higher.

Monthly flows for the industry are usually released with a lag of