Mutual funds pumped in a whopping Rs49,000 crore in equity schemes in 2014 after witnessing an outflow in the preceding year on account of improved sentiment and positive returns.The inflow comes after witnessing an outflow of about Rs8,700 crore in 2013.
Moreover, mutual fund houses are upbeat about inflow in equity schemes for this year as well. According to the latest update available with Association of Mutual Funds in India (AMFI), equity funds saw net inflow of Rs49,000 crore in 2014 as against an outflow of Rs8,700 crore in the preceding year.
Interestingly, the bulk of the inflow in equity fund in 2014 came in the second half of the year. Industry insiders said equity markets have delivered positive returns and that has attracted retail investors into such schemes. "There has been change in sentiment over the past few months, especially after the general election's verdict in May.