Inflows to equity funds slow for third straight month in Jan at Rs 6,158 crore
The mutual fund industry witnessed a net inflow at Rs 65,439 crore in Jan.
However, the mutual fund industry as a whole witnessed a net inflow of Rs 65,439 crore in January compared with an outflow of Rs 1.36 lakh crore in December.
Inflows through SIP or systematic investment plans remained stagnant at Rs 8,063 crore in January against Rs 8,022 crore in December. The benchmark Sensex inched higher by 0.50 per cent last month, whereas the BSE Midcap and Smallcap indices tanked 5 per cent each .
“Despite acute market volatility owing to credit events and global uncertainty, retail Investors continued to repose their faith in the India growth story. This is quite evident from the SIP flows and folio numbers, which continue to rise sequentially. On debt AUMs, with the RBI easing the rates, we expect to see flows rise in the coming weeks,'' said NS Venkatesh, CEO, AMFI.
Liquid funds witnessed an inflow of Rs 58,637 crore against an outflow of Rs 1.48 lakh crore in December. Balance Funds witnessed a net outflow of Rs 952 crore in January for the first time since May 2014, but that was down 112 per cent on a year on year basis.
The asset under management (AUM) of the industry increased 2.63 per cent month-on-month to Rs 23.40 lakh crore at the end of January 2019 from Rs 22.85 lakh crore at the end of December 2018, latest data available with the Association of Mutual Funds in India (Amfi) showed.