Equity mutual funds attracted Rs 18,917 crore in April, marking a slump of 16 per cent from the preceding month, on a huge decline in inflow in large-cap funds. This also marks the 38th consecutive month of net inflows in equity funds, data with the Association of Mutual Funds in India (AMFI) showed on Thursday. Moreover, monthly Systematic Investment Plan (SIP) contributions crossed the Rs 20,000 crore mark and reached an all-time high of Rs 20,371 crore in April compared to Rs 19,271 crore in the previous month. Overall, the mutual fund industry has witnessed an inflow of Rs 2.4 lakh crore in the month under review after experiencing an outflow of Rs 1.6 lakh crore in March. The huge inflow was due to investment of Rs 1.9 lakh crore into debt schemes. As per the data, equity-oriented schemes witnessed an inflow of Rs 18,917 crore in April, way lower than Rs 22,633 crore in March and Rs 26,866 crore in February. Barring equity-linked saving schemes (ELSS), which saw an outflow of
Sambre says while equities may do well in the long-term, it would be prudent for investors to reassess their asset allocation and bring it in line with their risk profile
Mirae Asset Large Cap Fund led highest investment in Paytm at Rs 430.4 crore, which was 1.13 per cent of its total AUM
Numbers reflect 'Indian investors' long-term approach to building wealth', says Amfi
Investors pump in record Rs 5,470 crore into smallcap schemes in June
Overall, inflows have declined significantly in the last two months as the market rise led to investors putting in lower amount
Average AUM for industry rose to Rs 39.5 trn, compared to Rs 37. 8 trn in July
DII stake in BSE 500 companies up nearly 55% in seven years
Inflows in India's equity mutual funds dropped more than 16% in June compared with May and are likely to remain weak in the current quarter due to worries over interest rate hikes and inflation
The fund house has suspended lump-sum subscription, switch-ins, and fresh registration of systematic investment plan/systematic transfer plan under five schemes that invest in international stocks
Among sector/thematic funds, technology funds are on average down 23.4 per cent year-to-date
Surge in inflows into multicap funds was largely due to the NFO of SBI Multicap fund which garnered Rs 8,170 crore
All 11 categories of equity funds saw net inflows, with flexicap witnessing highest inflows of Rs 3,873.56 crore
However, the quantum of net inflows dropped from September, when it attracted Rs 8,677 crore
Equity mutual funds attracted a little over Rs 8,666 crore in August, making it the sixth consecutive monthly net inflow, on staggering investment in flexi-cap category.
55% retail investors have a holding period of over 2 years, up from 48.7% a year ago
Between June and February, equity fund managers have yanked out Rs 1.24 trillion from domestic stocks amid consistent outflows
Frequent churn, timing the market eats into gains
All these counters witnessed aggressive buying for foreign portfolio investors
Telecom, utilities, and healthcare are other top weights for MFs