New Delhi, Nov 10 | Although there has been a rally in the stock markets off late, the net inflow in equity or growth-oriented mutual funds was recorded at around Rs 6,015 crore, the lowest in five months.
According to data from the the Association of Mutual Funds India (AMFI), the net inflow in open-ended equity oriented funds was Rs 6,026.38 crore, while the close-ended equity oriented plans witnessed a net outflow of Rs 11.40 crore, taking the aggregate net inflow to Rs 6,014.98 crore.
In September, the aggregate net inflow in equity-linked products stood at Rs 6,489.02 crore.
Interestingly, although the BSE Sensex has off late risen and touched new highs, the net inflow into equity oriented mutual fund schemes has declined significantly in the past two months.
The benchmark Sensex closed at a record level on Thursday while the Nifty closed above the critical 12,000 mark over improved global cues.
The aggregate net fund inflow in August was at Rs 9,090.04 crore, which shows that in September, the inflow was down around Rs 2,600 crore compared to its previous month and in October it fell futher by over Rs 3,000 crore in compared to August.
In June and July, the net inflow into equity-linked products of both open-ended and close-ended schemes stood at Rs 7,585.24 crore and Rs 8,091.83 crore respectively.
However, analysts are of the view that the sustained overall positive inflow indicates the positive investment trend.
The asset under manageent (AUM) of mutual funds increased to Rs 26.33 lakh crore by October-end, with an increase of a rise of 7.43 per cent on a month-on-month basis due to inflows into equity and liquid schemes. The AUM of the mutual fund industry Rs 24.5 lakh crore in September.