Equity MFs see inflows of Rs 6,462 cr in February

Domestic investors continue to invest despite the markets climbing to record levels

Domestic investors continued to invest in equity mutual funds (MFs) in February despite the markets climbing to record levels. The equity schemes, including the tax-saving equity linked saving schemes (ELSS), saw net inflows of Rs 6,462 crore last month.

The net investment tally in equity MFs has surpassed Rs 62,000 crore since April 2016. The investments have helped fund managers invest Rs 52,400 crore into stocks in the first 11 months of the financial year.

Industry players, however, say there has been moderation in lump-sum investments by new investors, and incremental investments by existing investors have slowed. Gross redemptions in