Net inflows into equity mutual funds drop 59% in March: Amfi data

Net inflows into equity schemes for March were less than half of the monthly average for FY18

Net inflows into equity mutual funds (MFs) have more than halved in March to Rs 66.6 billion from Rs 162.7 billion in February. The amount is also lower than that of March 2017 when the figure stood at Rs 82.16 billion, data by the Association of Mutual Funds in India (Amfi) shows. The data includes inflows into both equity funds and equity-linked saving schemes (ELSS). 

Sundeep Sikka, executive director and chief executive officer, Reliance Nippon Life Asset Management, said some of this could be because of investors looking at booking profits ahead of the implementation of the long-term capital gains (LTCG)