Equity MFs record net monthly inflows after eight-month gap in March

Segment reports Rs 9,115 cr inflows; Debt segment see outflows Rs 52,528 cr

Equity-oriented schemes in March have reported net inflows of Rs 9,115 crore. In the previous eight calendar months, equity mutual funds had seen continuous net outflows despite a sharp surge in the stock market.

The fall in the market from its all-time highs in February coupled with tax-savings related investments have aided flows, say industry players.

Gross redemptions in March came in at Rs 18,908 crore for equity schemes. In the previous three months, redemptions were in the range of Rs 25,000-36,000 crore.

“In the last fiscal there were concerns due to the lockdown and investors continued to book profits