Equity flows inch higher as investors pump money to make most of correction

Total flows into MFs up 13% to Rs 9,152 crore; Small-cap funds see 56% surge

The mutual fund (MF) industry received Rs 9,152 crore of equity flows in August, which was 13 per cent higher than previous month. According to industry participants, the uptick in flows could be on account of investors putting in lumpsum money (i.e. one-time investments as against systematic flows) into equity schemes to take advantage of market correction.

"Typically, we do see investors increasing their lumpsum investments when markets see correction. The contribution through systematic investment plans or SIPs, continues to give lot of cushion to the industry flows," said Ashwin Patni, Head - Products and Alternatives, Axis MF. The monthly