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
Advisors say client queries have spiked after Monday's 2,000-point crash; small investors hike SIP allocations amid the volatility
During April-June quarter, inflows in such schemes stood at Rs 17,500 crore.
Excluding new fund launches, monthly collection was 19% lower
Not a single scheme launched so far this year
With this, the total inflow in equities has reached over Rs 822 billion during the current financial year so far
Industry players attributed the fall in equity flows to a spike in market volatility
Net inflows into equity schemes in July up 28% month-on-month but 27% less than 12-month average
ICICI Pru MF has raised this to 12%; sectoral level at 5%, from 3.8% in Nov, showing cautious stance
During the Oct-Dec quarter, fund managers had deployed over Rs 30,000 crore in stocks
Despite volatility amid corrections, investors pumped in over Rs 10,000 crore in equity schemes
This also marks the sixth straight month of positive inflow in equity schemes
Net inflow to equity schemes in first half of 2016 a fourth of that a year ago
Assets being managed by equity mutual funds soared to a record high of Rs 4.28 lakh crore in June
In search of better returns, mutual funds look at lesser-known stocks