Mutual funds log Rs 1 lakh cr inflows in Apr-May
New Delhi: Investors have pumped in over Rs 1 lakh crore into various mutual fund schemes in the first two months of the current financial year, 2015-16, with equity and money markets contributing the most.
This is slightly lower in comparison to Rs 1.46 lakh crore net inflows witnessed in the first two months of the 2014-15 fiscal.
According to the latest data available with Association of Mutual Funds in India (Amfi), investors put in a net Rs 1.12 lakh crore in MF schemes in April and May.
“It has been across asset classes, but investors’ participation in equity oriented funds is a positive thing for the industry. Despite the recent volatility in the markets, fund managers are bullish on the equity schemes,” Quantum AMC Associate Fund Manager (Equity) Nilesh Shetty said.
“Even in case there is some instability in the market, we may not see huge redemptions as investors have seen good returns by investing in equities in the medium and long term,” he added.
Liquid or money market category witnessed an inflow of about Rs 86,000 crore, while equity schemes saw an infusion of Rs 20,256 crore.
There are 44 mutual funds in the country and their total Average Asset Under Management stands at over Rs 12 lakh crore.