Most MF schemes in the red: Investor flows not impacted by market fall

Sector officials say inflow continues to remain strong and the tally could be in line with previous months

All equity mutual fund (MF) categories, with the exception of information technology (IT), delivered negative returns in February, amid a 5 per cent drop in the benchmark indices.

The worst hit were schemes focused on the banking sector. The average return for this category was a negative 7 per cent.

On the positive side, average category returns were much better than the performance of the Bank Nifty index, which declined 16.4 per cent last month amid a meltdown in public sector banking stocks.

The popular large-cap category delivered a negative 4.3 per cent, largely in line with the 4.85 per