Equity mutual funds witnessed an inflow of over Rs3,700 crore in September, taking the total investment to more than Rs22,000 crore in the first six months of the current fiscal. This also marks the sixth straight month of positive inflow in equity schemes. Prior to that, such funds had witnessed a pull out of Rs1,370 crore in March.
“Mutual Funds continue to witness inflows in equity schemes because of positive climate and optimistic environment in both equity and debt markets. A slew of factors contributing to this buoyancy are better corporate results, smooth progress on GST Bill and positive data coming from US economy,” Bajaj Capital Group CEO and Director Anil Chopra said. “Contribution towards monthly SIP (systematic investment plans) also lead to higher positive net inflows in equity markets,” he added.