Equity Mutual Funds Clock Inflow Of Rs 10,585 Crore In July

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    The inflow into equity mutual funds in the month of July has increased 28% on a month on month basis to Rs. 10,585 crore. The investment class though failed to match the previous raked in amount of Rs 12,070 crore in May and Rs 12,409 crore in April. Nonetheless, the amount pumped in by investors into the category during the month was way higher than Rs. 8,237 crore recorded for the March month.

    Equity Mutual Funds Clock Inflow Of Rs 10,585 Crore In July

    The inflow into the equity ETF (exchange-traded funds) category registered a decline in July with net inflow of Rs. 3,982 crore as against Rs. 8,313 crore in June. However, considering the inflow of Rs. 2,694 crore into the fund in the month of May the performance of the fund during the last month has been better.

    Inflow into the balanced funds also recorded a decline for the third straight month, logging Rs. 287 crore in July in comparison to. Rs 1,482 crore in June, registering a month-on-month decline of 81%.

    The fund inflow into balanced schemes was lower by 97% in comparison to 2018 average of 93 per cent and into equity schemes was lower by 48% against the year's average of 10.5%.

    Goodreturns.in

    Story first published: Wednesday, August 8, 2018, 13:19 [IST]
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