Sucheta Dalal :Equity MF net inflows up 54% in February
Sucheta Dalal

Click here for FREE MEMBERSHIP to Moneylife Foundation which entitles you to:
• Access to information on investment issues

• Invitations to attend free workshops on financial literacy
• Grievance redressal


You are here: Home » What's New » Equity MF net inflows up 54% in February
                       Previous           Next

Equity MF net inflows up 54% in February  

March 9, 2010

Happy days are here again for equity mutual fund (MF) schemes which saw Rs1,514 crore of net inflows in February after an outflow of Rs7,315 crore between August 2009-December 2009. During February, equity inflows jumped 54% from the Rs980 crore recorded in January.


“Markets are doing well and people believe that they will continue to do well going further. It could also be because of tax-saving schemes (ELSS) which are popular in February-March,” said Vivek Rege, chartered financial analyst (CFA) and managing director of VR Wealth Advisors Pvt Ltd.


Net inflows in equity MFs started vanishing and moved into positive territory post December which saw Rs2,185 crore of net outflows. In February, redemptions of all schemes stood at Rs7,52,798 crore.


During the same month, sales of all schemes fell 14% to Rs7,59,163 crore compared to Rs8,84,738 crore a month ago.


January saw the launch of three new open-ended equity funds like Axis Equity Fund, Fidelity India Value Fund and Sundaram BNP Paribas Select Thematic Funds—PSU Opportunities, while there were no new equity schemes launched in February. The Bombay Stock Exchange’s 30-share index, the Sensex, remained flat at 16,429 points in February from 16,357 at end-January.


Assets under management (AUM) of Equity Linked Savings Schemes (ELSS) are up by 1% at Rs22,664 crore compared to last month. ELSS schemes recorded a 25% hike in net inflows at Rs335 crore from Rs268 crore in January.
Moneylife Digital Team


-- Sucheta Dalal