MUMBAI: The market’s recent slide may have succeeded in reducing the total assets of the mutual fund (MF) industry by almost Rs 45,000 crore to Rs 37.6 lakh crore last month from a little over Rs 38 lakh crore in January. However, despite the recent volatility, investors continued to put their money in MF schemes in February, demonstrating maturity, industry players said.
During the month, investors put in over Rs 21,600 crore through equity-oriented schemes which include new fund offers, data from industry body amp showed. According to Emkay Investment Managers CEO Vikaas M Sachdeva, the net inflow figures in large- and flexi-cap funds indicate investors’ strong preference for the long-term fundamentals of the India story and the ability of high-quality companies to ride it.
Monthly flows through systematic investment plans (SIPs) showed a marginal dip at Rs 11,438 crore, but mainly due to the shorter month, according to Amfi chief N S Venkatesh.
During the month, investors put in over Rs 21,600 crore through equity-oriented schemes which include new fund offers, data from industry body amp showed. According to Emkay Investment Managers CEO Vikaas M Sachdeva, the net inflow figures in large- and flexi-cap funds indicate investors’ strong preference for the long-term fundamentals of the India story and the ability of high-quality companies to ride it.
Monthly flows through systematic investment plans (SIPs) showed a marginal dip at Rs 11,438 crore, but mainly due to the shorter month, according to Amfi chief N S Venkatesh.