Equity funds attract Rs 8,200-crore inflows

However, debt schemes see heavy outflow in June

Strong inflows into equity mutual funds (MFs) continued in June, despite worry that stock prices might fall due to difficulties in implementation of the goods and services tax (GST).

Equity-oriented schemes attracted investment worth Rs 8,200 crore last month, showed data issued on Friday by the Association of MFs in India (Amfi). Strong inflow through the systematic investment plan (SIP) route appears to have contributed.

“Investments through SIP are helping add sticky money. Investors are a lot more aware and informed about MFs and understand that corrections (in prices) should be used for long-term investments,” says A Balasubramanian, chief executive officer (CEO)